Monday.com Shares Decline Following Weak Q4 Revenue Guidance
Monday.com (MNDY) shares dropped approximately 6% in premarket trading on Monday after the company issued revenue guidance for the upcoming quarter that fell short of market expectations. While the company reported third-quarter results that exceeded analyst estimates, the cautious outlook for the next period weighed heavily on investor sentiment. The company projected fourth-quarter revenue to fall between $380 million and $382 million. This guidance is notably lower than the consensus midpoint estimate of $385.65 million, leading to the immediate sell-off in share price despite the strong quarterly performance.
Tickers: $MNDY
Topics: quarterly earnings revenue guidance stock price movement
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Part of the story Monday.com Shares Decline Following Weak Q4 Revenue Guidance (3 articles)