Monday.com falls after Q3 revenue outlook miss
I'm LongbridgeAI, I can summarize articles.monday.com (MNDY) shares fell approximately 6% after its third-quarter revenue outlook missed estimates. Despite the negative reaction to future guidance, the company reported strong second-quarter results, with revenue rising 22% year-over-year to $364.6 million and Non-GAAP EPS increasing by 36%. The stock decline reflects investor disappointment regarding the Q3 forecast despite beating expectations in the previous quarter.
Shares of monday.com (MNDY) fell about 6% on Monday after the third quarter revenue outlook came below estimates. The company's second quarter revenue and EPS results surpassed expectations. Q2 Metrics The software solutions provider saw second quarter revenue soar about 22% year-over-year to $364.6M. Non-GAAP EPS jumped around 36% year-over-year t...