Monday.com climbs on surprise Q3 profit, upbeat sales forecast

monday.com

14/11/2022 14:07

** Shares of Israel-based software publisher Monday.com Ltd
 MNDY.O  climb 20.2% to $114.38 in premarket trade 
    ** Co will see its best day in more than a year, if gains
hold
    ** Reports Q3 adj. profit of 5 cents/shr, analysts on
average expected MNDY to post a loss of 54 cents/shr - Refinitiv
 urn:newsml:reuters.com:*:nBw3pSDJga
    ** MNDY's Q4 revenue forecast also surpasses market
expectations  urn:newsml:reuters.com:*:nTUA2LRCR9 
    ** Co's Q3 revenue rises by 65% to $136.9 mln
    ** Up to last close, stock had fallen 69.2% YTD
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))