https://www.marketwatch.com/story/monday-com-shares-drop-premarket-after-4q-loss-271645622144
Monday.com Ltd. shares were down 17% to $147.99 in premarket trading after the company reported a loss for the fourth quarter.
The technology company said it had a quarterly loss of $32.6 million, or 73 cents a share, compared with a loss of $67.6 million, or $5.48 a share, in the same period a year ago. Analysts polled by FactSet were looking for a loss of $43.2 million, or $1.10 a share.
The company had an adjusted loss of 26 cents a share, compared with last year's loss of 64 cents and the loss of 52 cents a share analysts were looking for.
Revenue for the quarter came in at $95.5 million, compared with last year's $50.1 million and the $87.8 million analysts had forecast.
For the first quarter, Monday.com said it expects revenue of $100 million to $102 million, while analysts are looking for $94.1 million. For the year, the company expects revenue of $470 million to $475 million, with analysts looking for $443.1 million.
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