Earnings

GitLab (GTLB) Q3 earnings report 2024

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People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021.

Source: Nasdaq

GitLab stock jumped as much as 18% in extended trading Monday after the developer tools software maker announced fiscal third-quarter results and quarterly guidance that impressed Wall Street.

Here’s how the company did, compared with consensus of estimates among analysts polled by LSEG, formerly known as Refinitiv:

  • Earnings: 9 cents per share, adjusted, vs. loss of 1 cent per share expected.
  • Revenue: $149.7 million, vs. $141.5 million expected.

This marks the first time GitLab has posted an adjusted operating profit.

“We continue to grow responsibly and delivered over 2,200 basis points of non-GAAP operating margin…



Source cnbc.com

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