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Monday.com Stock Drops Amid Disappointing Full-Year Revenue Forecast
Monday.com's stock fell 5.5% in early trading after the company issued disappointing revenue forecasts for the current quarter. While the company exceeded analyst expectations in the third quarter by about $8 million, its full-year revenue outlook was only slightly improved.
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What happened
- 01Monday.com stock fell 5.5% in early trading due to disappointing quarterly forecasts.
- 02The company exceeded third-quarter revenue expectations by approximately $8 million.
- 03Monday.com's full-year revenue forecast was raised by only $1 million.
- 04Fourth-quarter revenue growth is projected at 14%, down from 19% in Q3.
Fourth-quarter revenue growth is projected at 14%, down from 19% in the third quarter.
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