By Ben Glickman
GitLab issued an adjusted profit and revenue outlook for fiscal 2025 below Wall Street’s expectations. The company’s loss narrowed and adjusted earnings and revenue beat forecasts in the fiscal fourth quarter. Shares fell 20% to $59.70 after-hours.
Paymentus’s profit had a 10-fold increase in the fourth quarter, while revenue rose 25% and surpassed analysts’ expectations. The company issued revenue guidance for the first quarter and 2024 that was roughly in line with forecasts. Shares rose 24% to $20.21 after-hours.
ThredUp’s revenue increased 14% in the fourth quarter and beat analysts’ expectations, but the company issued a first-quarter sales outlook below Wall Street’s estimates. The second-hand seller’s active customer base was essentially flat on a sequential basis. Shares fell 8.5% to $2.16 after-hours.
Write to Ben Glickman at [email protected]
Read the full article here
