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Why Gitlab Stock Popped Today

TheMotleyFool

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Why Gitlab Stock Popped TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Shares of Gitlab (NASDAQ: GTLB) jumped today after the cloud-based DevOps platform beat estimates and raised guidance in its third-quarter earnings report.

As a result, the stock closed up 9.4%.

Gitlab, which provides companies tools to develop software and run IT faster and more efficiently, said that revenue in the quarter jumped 69% to $113 million, which beat the consensus at $106 million and its own guidance.

Source Fool.com

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