Shares of GitLab Inc. (GTLB) declined over 7% on Wednesday after the company reported fourth-quarter results and issued its outlook for the first quarter and full year 2027.
The stock is currently trading at $24.69, down $2.01 or 7.51%, on the Nasdaq. It opened at $23.60 after closing the previous session at $26.70. The stock has traded between $23.10 and $64.42 over the past 52 weeks.
GitLab reported fourth-quarter revenue of $260.4 million, up 23% from $211.4 million a year earlier. The company posted a net loss of $2.6 million or $0.02 per share, compared with net income of $6.9 million or $0.04 per share last year.
Looking ahead, GitLab expects first-quarter revenues of $253 to $255 million with adjusted earnings per share of $0.20 to $0.21. For fiscal year 2027, the company projects revenue of $1.099 to $1.118 billion and adjusted earnings per share of $0.76 to $0.80.
The company also announced a $400 million share repurchase program.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.