{"id":6440,"date":"2024-12-05T22:06:10","date_gmt":"2024-12-05T22:06:10","guid":{"rendered":"http:\/\/torontotribune.ca\/index.php\/2024\/12\/05\/gitlab-soars-in-afterhours-on-upbeat-guidance-q3-results-beat-names-new-ceo-by-investing-com\/"},"modified":"2024-12-05T22:06:10","modified_gmt":"2024-12-05T22:06:10","slug":"gitlab-soars-in-afterhours-on-upbeat-guidance-q3-results-beat-names-new-ceo-by-investing-com","status":"publish","type":"post","link":"https:\/\/torontotribune.ca\/index.php\/2024\/12\/05\/gitlab-soars-in-afterhours-on-upbeat-guidance-q3-results-beat-names-new-ceo-by-investing-com\/","title":{"rendered":"Gitlab soars in afterhours on upbeat guidance, Q3 results beat; names new CEO By Investing.com"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div id=\"article\">\n<div class=\"article_WYSIWYG__O0uhw article_articlePage__UMz3q text-[18px] leading-8\">\n<p>nvesting.com &#8212; <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Gitlab <\/span><\/span> <\/span><\/span> reported Thursday upbeat guidance following fiscal third-quarter results that topped estimates and the coding company announced a new chief executive.\u00a0<\/p>\n<p>The company said it had appointed Bill Staples as CEO, with GitLab Co-Founder\u00a0Sid Sijbrandij transitioning to executive chair.<\/p>\n<p>Gitlab Inc (NASDAQ:) was up more than 7% in after-hours following the report.<\/p>\n<p>For the quarter ended Oct. 31, the company \u00a0Q3 adjusted EPS\u00a0of $0.23 on revenue of $196 million, topping consensus estimates for EPS of $0.15 on revenue of $187.9M.<\/p>\n<p>Current remaining performance obligations, or\u00a0cPRO, a gauge of booked revenue over the next 12 months, grew 39% to $515.2M.<\/p>\n<p>For Q4, the company expects diluted\u00a0earnings per share in the range of $0.22 to $0.23 on\u00a0revenue of $205M to $206M. The topped analysts estimates for earnings of $0.15 a share on revenue of $204.83M.<\/p>\n<p>For the full-year, the company said it expects EPS in a range of\u00a0$0.63 to $0.64, while\u00a0net revenue was guided between $753M and $754M.<\/p>\n<\/div>\n<\/div>\n<p><script id=\"fb_pixel\" data-nscript=\"beforeInteractive\">!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/ca.investing.com\/news\/stock-market-news\/gitlab-soars-in-afterhours-on-upbeat-guidance-q3-results-beat-names-new-ceo-3738615\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>nvesting.com &#8212; Gitlab reported Thursday upbeat guidance following fiscal third-quarter results that topped estimates and the coding company announced a new chief executive.\u00a0 The company said it had appointed Bill Staples as CEO, with GitLab Co-Founder\u00a0Sid Sijbrandij transitioning to executive chair. Gitlab Inc (NASDAQ:) was up more than 7% in after-hours following the report. For<\/p>\n","protected":false},"author":6,"featured_media":6441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-6440","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gitlab soars in afterhours on upbeat guidance, Q3 results beat; names new CEO By Investing.com - Toronto Tribune<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/torontotribune.ca\/index.php\/2024\/12\/05\/gitlab-soars-in-afterhours-on-upbeat-guidance-q3-results-beat-names-new-ceo-by-investing-com\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gitlab soars in afterhours on upbeat guidance, Q3 results beat; names new CEO By Investing.com - Toronto Tribune\" \/>\n<meta property=\"og:description\" content=\"nvesting.com &#8212; Gitlab reported Thursday upbeat guidance following fiscal third-quarter results that topped estimates and the coding company announced a new chief executive.\u00a0 The company said it had appointed Bill Staples as CEO, with GitLab Co-Founder\u00a0Sid Sijbrandij transitioning to executive chair. 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