By Denny Jacob
Monday.com shares rise 23% in premarket trading after revenue surged in its latest quarter and the company projected further top-line growth.
Shares were trading around $317.90. The stock is up 22% over the last year.
The work-management software company logged fourth-quarter revenue of $268 million, a 32% increase from a year earlier. This exceeded estimates of $261.4 million from analysts polled by FactSet.
Monday.com also forecast further top-line growth in its first-quarter and 2025.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 10, 2025 08:15 ET (13:15 GMT)
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