Monday.com jumps on surprise Q4 profit, upbeat forecast

monday.com

13/02/2023 12:54

(Repeats with no changes to text)
    ** Israel-based software publisher Monday.com Ltd's shares
 MNDY.O  climb 10.7% to $145.3 before the bell
    ** Co posts Q4 adj. earnings of 44 cents/shr, compared to
analysts' estimates of a loss of 37 cents/shr
    ** Beats EPS estimates for seven straight quarters
    ** Forecasts Q1 FY23 rev. in the range of $154 mln-$156 mln,
higher than Q4 revenue 
    ** Reports quarterly rev. of $149.9 mln, up from $95.5 mln a
year earlier
    ** “We continue to see strong new customer demand for our
products, adding more than 34,000 net new customers during the
year” - Roy Mann, founder and co-CEO of Monday.com
    ** Shares of MNDY gained 7.5% YTD, compared to a 60.4% drop
in 2022
 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))