Shares of Monday.com (NASDAQ:MNDY) experienced a pre-market increase of more than 5% today following the company’s reported Q2 results.
During the quarter, adjusted earnings per share (EPS) were 41 cents, marking a significant improvement compared to the loss of 33 cents per share during the corresponding period in the previous year. This performance exceeded the Street expectation of 17 cents per share.
The company’s revenue reached $175.7 million in the second quarter, reflecting a substantial 42% growth compared to the same period in the previous year. This figure also surpassed the projected revenue of $169.2 million.
For Q3, management sees revenue of $181-$183 million, compared to the Street estimate of $178.8 million. For the full year, the company expects revenue of $713-$717 million, above the Street estimate of $704.7 million.