TEL AVIV-YAFO, Israel (AP) — TEL AVIV-YAFO, Israel (AP) — Monday.com Ltd. (MNDY) on Monday reported a loss of $1.5 million in its fourth quarter.
On a per-share basis, the Tel aviv-Yafo, Israel-based company said it had a loss of 3 cents. Earnings, adjusted for stock option expense, were 44 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.
The project management software developer posted revenue of $149.9 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $141.3 million.
For the year, the company reported that its loss widened to $136.9 million, or $2.99 per share. Revenue was reported as $519 million.
For the current quarter ending in March, Monday.com said it expects revenue in the range of $154 million to $156 million.
The company expects full-year revenue in the range of $688 million to $693 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MNDY at https://www.zacks.com/ap/MNDY
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
