GitLab Inc. shares pulled back in the extended session Monday after the DevOps software company’s first results as a public company and outlook topped Wall Street expectations.
GitLab shares declined 5% after hours, following a 1.3% rise in the regular session to close at $89.16. Shares closed up nearly 16% from their initial public offering price of $77 back in mid-October.
The company reported a third-quarter loss of $41.2 million, or 62 cents a share, compared with $28.6 million, or 57 cents a share, in the year-ago period. The adjusted loss, which excludes stock-based compensation expenses and other items, was 34 cents a share, compared with 44 cents a share in the year-ago period.
Revenue rose to $66.8 million to $42.2 million in the year-ago quarter.
Analysts surveyed by FactSet had forecast a loss of 48 cents a share on revenue of $59.3 million.
No comments:
Post a Comment