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Why GitLab Stock Crashed Today

TheMotleyFool

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Why GitLab Stock Crashed TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.theapi.app/temp/bee95973-d201-429b-849e-52867059bd1a.png

Software developer GitLab (NASDAQ: GTLB) is seeing its stock "git" crushed after reporting strong earnings, but so-so guidance last night. Heading into the report, analysts forecast GitLab would earn $0.20 per share on sales of $239.3 million for fiscal Q3 2026. Management $0.26 per share in profit and sales of $244.4 million. Guidance, however, was barely in line with forecasts.

GitLab stock is down 17.2% through 10:05 a.m. ET.

Image source: Getty Images.

Source Fool.com

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