๐ monday.com $MNDY gaps -13% premarket โ Q3 guide spooks despite big Q2 beat
monday.com just tanked to $81.30 premarket (from a $93.13 close) even after crushing Q2 estimates: EPS $1.48 vs $1.11 expected and revenue $364.6M vs $355.6M consensus. The problem? Q3 guidance of $368-370M came in below the $372.8M Street estimate โ and when you have priced-in perfection, a guide miss is all it takes. Classic beat-and-lower trap. Conference call is at 8:30am ET this morning โ could management's tone rescue this one? Not financial advice.
โก 6 buzzing
191 views
๐ 0 subscribed