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GitLab Stock Plunges After Issuing Disappointing FY Earnings GuidanceKey Level to Watch [Video]

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GitLab (GTLB) shares plunged more than 22% in Monday’s extended-hours trading session after the software infrastructure company disappointed investors with weak full-year earnings guidance.

The San Francisco-based company, which operates an open-source repository development platform for coders, said it expects full-year fiscal 2025 adjusted earnings of between 19 and 23 cents per share, with the high end of that forecast coming in significantly below Wall Street’s modeling of 35 cents a share. 

For the fiscal 2024 fourth quarter, ending Jan. 31, the company disclosed adjusted earnings of 15 cents per share on revenue of $163.8 million, surpassing analysts’ expectations of 8 cents a share on sales of $157.9 million.

The top line grew 33% in the period, boosted by improved buying behavior across all of GitLab’s customer sizes. The company now has 96 customers with annual reoccurring revenue of over $1 million, up 52% from last year’s corresponding quarter.

“We delivered a …

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