Monday.com Is Profitable for the First Time. Its Stock is Rising.
monday.com(MNDY) Investopedia·2024-08-13 00:50
Key Takeaways Monday.com beat analysts' expectations on the top and bottom lines in the second quarter. The company achieved its first quarter of GAAP operating profitability. It now expects full-year revenue growth of 31% to 32%, up from a prior estimate of 29% to 30%. Shares of monday.com popped after the workplace software company topped analysts' expectations with its second-quarter results and raised its full-year guidance. The company's latest projection calls for revenue growth of 31% to 32% in 2024, ...