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GitLab Stock Plunges After Q3 Earnings: What To Know
Benzinga· 2025-12-02 21:45
Core Viewpoint - GitLab Inc. reported better-than-expected earnings and revenue for the third quarter, but its stock price fell significantly in after-hours trading following the announcement of its financial results and future guidance [1][4]. Financial Performance - GitLab reported quarterly earnings of $0.25 per share, surpassing the analyst estimate of $0.20 [2]. - The company's quarterly revenue reached $244.35 million, exceeding the Street estimate of $239.63 million [2]. Management Changes - GitLab announced the appointment of Jessica Ross as chief financial officer, effective January 15, 2026 [3]. Future Outlook - The company raised its fiscal 2026 adjusted EPS guidance to a range of $0.95 to $0.96, compared to the previous analyst estimate of $0.83 [4]. - GitLab also increased its fiscal year revenue outlook to between $946 million and $947 million, above the prior estimate of $941.13 million [4]. Stock Performance - Following the earnings report, GitLab's stock price fell by 7.86% to $39.96 in Tuesday's extended trading [4].