U.S. stocks climbed to new heights Thursday as a weaker-than-expected job report boosted hopes for rate cuts. Amazon surged, while Salesforce took a hit after offering cautious guidance. Political maneuvering around the Federal Reserve added to the intrigue.
GitLab's Q2 results gave a reason to sell but more reasons to buy the dip; this AI company is on track to sustain double-digit growth and widen its margin.
Shares of devSecOps platform provider GitLab (NASDAQ:GTLB) fell 9.7% in the morning session after the company's disappointing revenue forecast for the upcoming quarter overshadowed its otherwise strong second-quarter results.
DevSecOps platform provider GitLab (NASDAQ:GTLB) announced better-than-expected revenue in Q2 CY2025, with sales up 29.2% year on year to $236 million. On the other hand, next quarter’s revenue guidance of $238.5 million was less impressive, coming in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.24 per share was 46.3% above analysts’ consensus estimates.
DevSecOps platform provider GitLab (NASDAQ:GTLB) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 29.2% year on year to $236 million. On the other hand, next quarter’s revenue guidance of $238.5 million was less impressive, coming in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.24 per share was 46.3% above analysts’ consensus estimates.
As the regular session of the US market on Wednesday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
GitLab Q2 earnings beat estimates with $236M revenue and $0.24 EPS. Strong growth driven by AI platform adoption, despite stock volatility on leadership news.
