IL0011762130 - Common Stock
MNDY earnings call for the period ending September 30, 2024.
Shares of project management software maker Monday.com (NASDAQ:MNDY) fell 18.3% in the morning session after the company reported underwhelming third-quarter financial results, with sales in line with analysts' estimates. Similarly, revenue guidance for the next quarter was also mostly in line with expectations. Notably, the muted sales guidance for the next quarter implied revenue growth of around 28-29%, suggesting growth may be slowing.
Monday's session: top gainers and losers
The market is buzzing with gapping stocks on Monday. Let's uncover which stocks are experiencing notable gaps during today's session.
Monday.com stock fell amid Q3 earnings and revenue that topped estimates and in-line revenue guidance for the December quarter.
What's going on in Monday's pre-market session
Project management software maker Monday.com (NASDAQ:MNDY) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 32.7% year on year to $251 million. The company expects next quarter’s revenue to be around $261 million, close to analysts’ estimates. Its non-GAAP profit of $0.85 per share was also 34.6% above analysts’ consensus estimates.
Project management software maker Monday.com (NASDAQ:MNDY) will be announcing earnings results tomorrow morning. Here’s what investors should know.
Kyndryl Holdings stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 61 to 83.
The Relative Strength Rating for Procore Technologies[stock moved into a higher percentile Tuesday, as it got a lift from 65 to 72.
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Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Monday.com (NASDAQ:MNDY) and the best and worst performers in the project management software industry.
Businesses are looking to Monday.com in increasing numbers for help improving their operations.
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