GitLab Shares Up 9% on Q3 Beat & Strong Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/GTLB'>GitLab Inc (NASDAQ:GTLB)</a> shares gained more than 9% today after the company reported its Q3 results. Despite some macro headwinds, the company delivered a strong quarter with impressive durability of revenue growth and improved leverage. EPS came in at ($0.10), better than the Street estimate of ($0.15). Revenue was $113 million, beating the Street estimate of $106.04 million.</p>
<p>The company expects Q4/23 EPS to be in the range of ($0.15)-($0.14), compared to the Street estimate of ($0.17), and revenue in the range of $119-120 million, compared to the Street estimate of $119.28 million.</p>
<p>For fiscal 2023, the company expects EPS in the range of ($0.56)-($0.55), compared to the Street estimate of ($0.65). Revenue is seen in the range of $420.5-421.5 million, compared to the Street estimate of $413.71 million.</p>

NASDAQ:GTLB