GitLab: Q1 Earnings Insights

GitLab GTLB reported its Q1 earnings results on Monday, June 5, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

GitLab beat estimated earnings by 57.14%, reporting an EPS of $-0.06 versus an estimate of $-0.14.

Revenue was up $39.47 million from the same period last year.

Last quarter the company beat on EPS by $0.11 which was followed by a 23.86% drop in the share price the next day.

Here's a look at GitLab's past performance:

Quarter	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	-0.14	-0.15	-0.23	-0.27
EPS Actual	-0.03	-0.10	-0.15	-0.18
Revenue Estimate	119.56M	106.05M	94.04M	77.81M
Revenue Actual	122.91M	112.98M	101.04M	87.41M

To track all earnings releases for GitLab visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Calendar