Gitlab reports surprise profit and nudges full-year forecasts higher

Shares of Gitlab Inc. GTLB rallied after hours on Tuesday after the company, whose platforms help businesses with software development, reported a surprise second-quarter adjusted profit and offered up a slightly more upbeat full-year outlook. The company said it expected full-year revenue of $555 million to $557 million, compared with an outlook for $541 million to $543 million given in June. It also narrowed its adjusted per-share loss projections to a range of 5 cents to 8 cents, from June’s forecast for a range of 14 cents to 18 cents. The company said it expected third-quarter sales of $140 million to $141 million,…

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