Investing.com - Gitlab reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Gitlab announced earnings per share of $-0.15 on revenue of $101M. Analysts polled by Investing.com anticipated EPS of $-0.2306 on revenue of $94.44M.
Gitlab shares are down 63.85% from the beginning of the year and are trading at $47.40 , down-from-52-week-high.They are under-performing the Nasdaq which is down 26.21% from the start of the year.
Gitlab follows other major Information Technology sector earnings this month
Gitlab's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on Thursday, September 1, 2022 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar