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Gitlab’s Profit Forecast Disappoints

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Gitlab Inc (NASDAQ:GTLB) reported a fourth-quarter loss of $37.6 million, or 23 cents per share, compared with a year-ago loss of $42.1 million, or 26 cents per share. Adjusted earnings per share were 15 cents. Revenue for the period rose to $163.8 million from $122.9 million. The company had previously forecast earnings of 8 cents per share on revenue of $157.9 million. For the current year, the company expects earnings per share to be in the range of 19 cents to 23 cents, compared with the consensus estimate of 35 cents.

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