Okay, the title is a little dramatic, given the slight after-hours drop, but it was too good not to use.
After the bell, Gitlab reported better-than-expected earnings and revenue for the current quarter. Additionally, it raised its next quarter and full-year revenue and earnings guidance, but investors are apparently still unhappy. đ
Some analysts said the company’s outlook was too conservative for their liking, particularly given its strong execution.
So far, the stock is down a few percent after hours, so we’ll have to wait to see if that’s due primarily to the weak market environment or the company’s earnings report. đ¤ˇ