GitLab Stock Sinks After Q2 Earnings Report: Here's Why

GitLab, Inc. (NASDAQ:GTLB) released its second-quarter results after Wednesday's closing bell. Here's a look at the key figures from the quarter.

GTLB stock is sliding after earnings. See the real-time price action here.

The Details: GitLab reported quarterly earnings of 24 cents per share, which beat the analyst estimate of 16 cents.

Quarterly revenue came in at $235.96 million, which beat the consensus estimate of $227.25 million and is up from revenue of $182.58 million from the prior year’s quarter.

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GitLab reported the following Q2 financial highlights:

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