Monday.Com gains on FY revenue forecast lift, Q3 beat

monday.com

13/11/2023 16:43

** Shares of Israel-based software publisher Monday.Com
 MNDY.O  gain 11% to $155.57 after company lifts FY revenue
forecast
    ** Stock on track for best single-day percentage rise in
almost six months, if gains hold
    ** Company expects FY revenue to be between $723 mln and
$725 mln, vs its previous forecast range of $713 mln to $717 mln
    ** Q3 revenue rises 38% YoY to $189.2 mln, beating LSEG
estimates of $182.5 mln, on robust customer demand
    ** Company posts Q3 adj. earnings of 64 cents/shr, compared
with analysts' estimate of 20 cents/shr
    ** Stock up 29.3% YTD, including session's gains

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))