Markets

Monday.com Stock Rallies on Guidance Boost

1 Mins read

Shares of
Monday.com
were rising Monday after the work management platform raised full-year guidance.

Monday.com
(ticker: MNDY) said it expects revenue in 2023 of between $723 million and $725 million and adjusted operating income of $47 million to $49 million. It previously previously forecast revenue of $713 million to $717 million and adjusted operating income of $24 million to $28 million.

The company posted third-quarter net income of15 cents a share, pivoting from the 51-cent loss recorded in the year-ago quarter. Revenue of $189.2 million also rose from a year earlier and easily beat Wall Street’s call for $182.5 million, according to FactSet.

Shares of Monday.com were up 12% to $156.91. The stock has risen 29% this year.

Write to Emily Dattilo at [email protected]

Read the full article here

Related posts
Markets

Options traders are bracing for a stock-market crash

1 Mins read
Last Updated: March 3, 2025 at 5:24 p.m. ETFirst Published: March 3, 2025 at 12:50 p.m. ET Options traders are bracing for a looming…
Markets

Why bitcoin bulls aren’t happy about Trump’s plans for something they’ve long wanted: a crypto reserve

1 Mins read
Published: March 3, 2025 at 5:34 p.m. ET A backlash over President Donald Trump’s plan to include three small and relatively risky tokens…
Markets

U.S. stocks are being trounced by Europe as Trump retreats from Ukraine, focuses on ‘America First’

1 Mins read
Last Updated: March 3, 2025 at 7:13 p.m. ETFirst Published: March 3, 2025 at 6:16 p.m. ET It might go down in history as…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *