Software development tools maker GitLab (NASDAQ:GTLB) announced better-than-expected revenue in Q1 CY2025, with sales up 26.8% year on year to $214.5 million. The company expects next quarter’s revenue to be around $226.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.17 per share was 11.8% above analysts’ consensus estimates.
The S&P 500 may only be up slightly, but Wall Street is hitting the gas on the risk-on trade. The May CPI came in cooler than expected. While tariff impacts could send inflation higher in the months ahead, the fact that prices held steady so far was an encouraging sign.
Investing.com -- BCA Research analysts, while optimistic about the long-term potential of the robotics industry, are maintaining a tactically cautious stance on investments like the BOTZ ETF.
Software company Oracle is scheduled to report fiscal fourth-quarter earnings after the bell on Wednesday, and traders see potential for the stock to hit a record high on the results.
Bank of America expects its markets business could post a 13th consecutive quarter of revenue growth and investment banking fees could hit up to $1.2 billion in the second quarter, CEO Brian Moynihan said on Wednesday. "This quarter, we expect to grow mid-to-high single digits, 13th quarter in a row" for the markets business, he told investors at a conference.
GitLab reported its fiscal Q1 results yesterday and delivered sales and earnings that topped Wall Street's expectations. While the quarterly results were better than anticipated, GitLab's forward guidance is causing sell-offs for the stock. Management's earnings guidance was actually better than expected, but its sales forecast has underwhelmed the market.