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