.September 4, 2024 11:44 AM

GitLab (NASDAQ:GTLB) raised its annual outlook after reporting strong quarterly results, with adjusted earnings of $0.15 per share on revenue of $182.6 million, beating Wall Street estimates. The company now expects adjusted EPS for fiscal 2024 to be between $0.45 and $0.47, with revenue projected to reach $742 million to $744 million. In the third quarter, GitLab anticipates adjusted EPS between $0.15 and $0.16 on revenue of $187 million to $188 million, surpassing analysts’ expectations. The news caused GitLab’s stock to surge over 19% intra-day.