Monday.com rises on smaller Q2 loss, strong forecast
17/08/2021 14:00
** Shares of Israeli work management company monday.com
MNDY.O up 6.5% at $261 before the bell
** Co reported Q2 adjusted net loss of $0.26 per share,
smaller than analysts' estimates of $1 per share loss -
Refinitiv IBES data
** Revenue at $70.6 mln also beats expectations of $62.1 mln
** MNDY sees FY 2021 total revenue in the range of $280 mln
to $282 mln, above estimates of $259 mln urn:newsml:reuters.com:*:nBw4pL0t0a
** Co had sold 3.7 mln shares in its IPO, raising about $574
million in June urn:newsml:reuters.com:*:nL3N2NS3WP
(Reporting by Sahil Shaw in Bengaluru)
((sahil.shaw@thomsonreuters.com))