Gitlab Gits Wrecked

Mid-cap software company GitLab is gitting wrecked after hours despite beating estimates. 🔮

It reported an adjusted loss per share of $0.03, while analysts expected a $0.14 loss. Revenues of $122.9 million also beat the $119.6 million expected.

So, they beat expectations. Why is it falling after hours? The company’s first-quarter and full-year revenue guidance was well below the consensus view. It now expects revenues of $529 to $533 million, while the consensus view was $586.4 million. đŸ”ģ

However, its earnings per share forecasts did beat as its cost-cutting efforts drive results.

The company announced it will raise the price of its premium service tier from $19 to $29 per month in April. But it’s going to need more than that if it’s going to reaccelerate revenue growth.

Overall, the growth slowdown remains the key issue for investors. $GTLB shares have lost a third of their value after hours, trading at a fresh all-time low. 😱

More in   Earnings

View All

The Internet Of Things Grows Wings

While sentiment surges around crypto and artificial intelligence, it’s no surprise to see that hype around the “Internet of Things” company Samsara is also popping off. 🤩

The stock jumped to fresh all-time highs in the after-hours session following better-than-expected results. Its fourth-quarter revenues of $276.3 million topped estimates of $258.3 million, with its adjusted loss also narrower than anticipated. đŸ’Ē

Read It

Lyft’s IR Department Just Whiffed

Investor relations departments are the silent heroes of a public company, receiving little recognition for the critical role they play. When they do receive a lot of attention, it’s generally not for good reason. That’s unfortunately what Lyft’s team is finding out today. đŸ˜ĩ‍đŸ’Ģ

After the bell, ridesharing company Lyft reported fourth-quarter results that were good, not great. But the stock immediately shot up and notched as high as a 60% gain before anyone realized what happened. Did the company just invent a cure for rare diseases? Are they pivoting to crypto or semiconductors? What was the cause of this?

Read It

Zoom Avoids Doom (Again)

Zoom Video Communications hasn’t made headlines for many good reasons lately, scraping the bottom of its range as a public company as investors look for other opportunities. However, the stock is jumping today on better-than-expected results, so let’s take a look. 👇

The video chat software vendor’s adjusted earnings per share of $1.22 on $1.15 billion in revenues topped expectations of $1.15 and $1.13 billion. Revenue growth remains anemic, rising just 3% YoY, but the company’s cost-cutting has helped it drive positive earnings vs. last year’s loss. 

Read It

Walmart Bets Big On Advertising

One of the core themes we’ve been discussing for a long time is the “ad-ification” of everything. No matter where you go or what you do, you’re likely being targeted by some form of advertising. And the reason why is because it’s such a high-margin, profitable business opportunity. đŸŽ¯

As a result, it’s no surprise to see America’s largest employer and big-box retailer, Walmart, leaning heavily into that narrative during its earnings call. 

Read It