Monday.com (MNDY) reported fourth-quarter earnings and income that topped estimates. The software program maker’s steerage for MNDY inventory merely met expectations, sending Monday inventory down.
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Monday earnings have been launched earlier than the market open on Monday. For the quarter ending Dec. 31, the maker of mission administration software program reported a revenue of 65 cents a share on an adjusted foundation, up 48% from a 12 months earlier. Income rose 35% to $202.6 million.
Analysts had predicted adjusted revenue of 32 cents on income of $198 million.
MNDY Inventory: Income Outlook Meets Views
For the present quarter ending in March, Monday.com predicted income of $209 million, in keeping with estimates.
On the inventory market in the present day, MNDY inventory tumbled 10% to close 212. Heading into the earnings report, Monday.com inventory had climbed 25% in 2024. Shares hit a two-year excessive final week.
MNDY inventory holds a Relative Power Score of 96 out of a best-possible 99, in response to IBD Inventory Test-up.
Monday.com competes with Asana (ASAN), Smartsheet (SMAR), Atlassian (TEAM) and Microsoft (MSFT), amongst others.
Based in 2012, Monday.com raised $574 million in its June 2021 preliminary public providing, with MNDY inventory priced at 155.
Comply with Reinhardt Krause on X, previously referred to as Twitter, @reinhardtk_tech for updates on synthetic intelligence, cybersecurity and cloud computing.
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