Monday earnings hot take, shares slide on revenue outlook (Minnidi) reported fourth-quarter earnings and revenue that beat expectations. The software maker’s guidance for MNDY stock just met expectations, and shares fell on Monday.


Monday’s earnings report was released before the market opened on Monday. For the quarter ended Dec. 31, the project management software maker reported profit of 65 cents per share, an adjusted gain of 48% from a year earlier. Revenue rose 35% to $202.6 million.

Analysts had forecast adjusted profit of 32 cents on revenue of $198 million.

MNDY Stock: Revenue outlook consistent with view forecast revenue of $209 million for the quarter ending in March, in line with expectations.

superior Today’s stock market, MNDY stock price plummeted 10% to near 212 points. shares had plummeted 25% in 2024 when the earnings report was released. The stock hit a two-year high last week.

According to the data, MNDY stock has a Relative Strength Rating of 96 (out of a high of 99) IBD inventory check. Competitors Asana (ASEAN), smart meter (Small), atlas (team) and Microsoft (Microsoft Corporation)wait.

Founded in 2012, raised $574 million in an initial public offering in June 2021, with MNDY shares trading at $155.

Follow Reinhardt Krause on X (formerly Twitter), @reinhardtk_tech Learn about the latest developments in artificial intelligence, cybersecurity, and cloud computing.

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