GitLab Inc. (NASDAQ:GTLB) stock dropped in Tuesday's extended trading after the company released its third-quarter earnings report and forward guidance.
Here's a look at the details in the report.
- GTLB stock is moving. Watch the price action here.
The Details: GitLab reported quarterly earnings of 25 per share, which beat the analyst estimate of 20 cents, according to Benzinga Pro.
Quarterly revenue clocked in at $244.35 million, which beat the Street estimate of $239.63 million.
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The company also announced the appointment of Jessica Ross as chief financial officer, effective Jan. 15, 2026.
“More code means more of a need for GitLab,” said Bill Staples, GitLab CEO.
“Engagement is growing across our platform as we are a critical part of how our customers deliver high-quality, secure software,” Staples added.
Outlook: GitLab raised its fiscal 2026 adjusted EPS guidance to a range of 95 cents to 96 cents, versus the 83 cent analyst estimate, and raised its fiscal year revenue outlook to between $946 million and $947 million, versus the $941.13 million estimate.
GTLB Stock Price: According to data from Benzinga Pro, GitLab stock fell 7.86% to $39.96 in Tuesday's extended trading.
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