MarketPR
Monday.com (MNDY) beat second-quarter earnings and revenue estimates before Monday's open, then fell sharply in the session after the company's revenue guidance missed analyst targets.
Adjusted earnings came in at $1.48 per share for the quarter ending June 30, up 36% from the same period a year earlier.
The June quarter numbers Monday.com, the maker of project management software, cleared consensus on both earnings and revenue for the period ending June 30.
Adjusted earnings per share of $1.48 marked a 36% year-over-year gain. Revenue for the quarter also beat estimates, making it a clean double beat on the headline lines.
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