{"id":9206,"date":"2023-05-16T00:37:23","date_gmt":"2023-05-16T04:37:23","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/monday-com-gains-15-on-strong-earnings-beat\/"},"modified":"2023-05-16T00:37:24","modified_gmt":"2023-05-16T04:37:24","slug":"monday-com-gains-15-on-strong-earnings-beat","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=9206","title":{"rendered":"Monday.com gains 15% on ‘strong’ earnings beat"},"content":{"rendered":"
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\u00a9 Shutterstock monday.com (MNDY) gains 15% on ‘strong’ earnings beat<\/span>
\n<\/i>\n<\/div>\n

Monday.com (NASDAQ:) shares trade over 15% higher after the company reported a huge upside to Street estimates for the first quarter.<\/p>\n

Monday.com EPS of $0.14 on revenue of $162.3 million, cruising the analyst estimate for a loss per share of $0.28 on revenue of $155.33M.<\/p>\n

\u201cThe Monday.com team is off to a strong start in 2023, with our results reflecting increasing customer demand for our Work OS platform and product suite, as well as our ongoing commitment to improving efficiency and profitability,\u201d said monday.com founder and co-CEO, Roy Mann.<\/p>\n

\u201cAs we begin to roll out mondayDB and introduce transformative AI capabilities, we are highly confident in our ability to continue this momentum through the rest of 2023 and beyond.\u201d<\/p>\n

For this quarter, the company sees revenue at $169M, ahead of the consensus at $165.3M. For FY23, revenue is seen at $704M, again better than the $690.7M.<\/p>\n

DA Davidson analysts said the results were \u201cstrong.\u201d<\/p>\n

\u201cThe ongoing decline in net retention is a concern, but the company appears to be performing through it so far,\u201d they wrote in a note.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Shutterstock monday.com (MNDY) gains 15% on ‘strong’ earnings beat Monday.com (NASDAQ:) shares trade over 15% higher after the company reported a huge upside to Street estimates for the first quarter. Monday.com EPS of $0.14 on revenue of $162.3 million, cruising the analyst estimate for a loss per share of $0.28 on revenue of $155.33M. […]<\/p>\n","protected":false},"author":1,"featured_media":9207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-9206","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nMonday.com gains 15% on 'strong' earnings beat | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Shutterstock monday.com (MNDY) gains 15% on 'strong' earnings beat Monday.com (NASDAQ:) shares trade over 15% higher after the company reported a huge\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=9206\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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