Earnings

GitLab shares rocket 31% as software vendor boosts forecast, announces generative A.I. plans

People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq GitLab shares rose 31% on Tuesday after the provider of code-deployment software notched a loss that was narrower than analysts expected while reporting an improved full-year forecast. The stock enjoyed its best day since GitLab’s 2021 Nasdaq debut. It’s still roughly 65%…

Earnings

MongoDB shares jump more than 20% after database company beats expectations and raises guidance

Dev Ittycheria, CEO, MongoDB. Scott Mlyn | CNBC Shares of MongoDB rose as much as 22% in extended trading Thursday after the database software maker issued blowout fiscal first-quarter earnings and lifted its full-year guidance. Earnings: 56 cents per share, adjusted, vs. 19 cents per share as expected by analysts, according to Refinitiv. Revenue: $368…

Earnings

Nvidia shares spike 25% on huge forecast beat driven by A.I. chip demand

Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei. Tyrone Siu | Reuters Nvidia reported first-quarter earnings for its fiscal 2024 on Wednesday, with a stronger-than-expected forecast that drove shares up 25% in extended trading. Here’s how the company did versus Refinitiv consensus estimates for the quarter…