After-hours movers: GitLab, UAL falls on lower guidance

After-Hours Stock Movers:

GitLab Inc (NASDAQ: GTLB) 35% LOWER; reported Q4 EPS of ($0.03), $0.11 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $122.9 million versus the consensus estimate of $119.59 million. GitLab Inc sees FY2024 EPS of ($0.29)-($0.24), versus the consensus of ($0.52). GitLab Inc sees FY2024 revenue of $529-533 million, versus the consensus of $586.1 million. GitLab Inc sees Q1 2024 EPS of ($0.15)-($0.14), versus the consensus of ($0.16). GitLab Inc sees Q1 2024 revenue of $117-118 million vs $126 million expected.

Amylyx Pharmaceuticals, Inc. (Nasdaq: AMLX) 21% HIGHER; For the three months ended December 31, 2022, net product revenue was $21.9 million and cost of sales were $2.8 million.

Turtle Beach (NASDAQ: HEAR) 15% LOWER; reported Q4 EPS of $0.10, $0.10 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $100.9 million versus the consensus estimate of $110.45 million.

Bunge Limited (NYSE: BG) 9% HIGHER; will replace Signature Bank (NASDAQ: SBNY) in the S&P 500 effective prior to the opening of trading on Wednesday, March 15.

United Airlines (NYSE: UAL) 7% LOWER; now expects an adjusted diluted loss per share1 of between $0.60 and $1.00 in the first quarter 2023. (Consensus sees Q1 EPS of $0.63)

American Airlines Group Inc. (NYSE: AAL) 2% LOWER; falls on UAL guidance cut

Delta Air Lines, Inc. (NYSE: DAL) 1% LOWER; falls on UAL guidance cut

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