Why Monday.com Stock is Down 25% This Week
Shares of Monday.com (NASDAQ: MNDY) plunged this week, according to data from S&P Global Market Intelligence. From last Friday's market close to the closing bell on Feb. 12, the stock price fell 25%.
True to its name, Monday.com reported earnings early Monday morning. The report itself was better than expected, but the company disappointed investors with modest guidance for the next fiscal year.
Let's start with the basic financials. Monday.com's revenue rose 25% year over year, landing at $333.9 million. Adjusted earnings fell from $1.08 to $1.04 per diluted share. In both cases, Wall Street expected something worse. The analyst consensus pointed to earnings near $0.92 per share on revenue in the neighborhood of $329.5 million.
Source Fool.com
