Monday.com’s adjusted earnings rose 36% year-over-year to $1.48 per share, but guidance disappointed investors.
Monday.com (MNDY) reported second-quarter adjusted earnings of $1.48 per share, a 36% increase from the prior year, exceeding analyst expectations. Revenue also topped estimates for the period ending June 30, driven by demand for its project management software.
Despite the earnings beat, the company’s revenue guidance for the next quarter fell short of market targets. Analysts had anticipated stronger forward-looking projections, reflecting concerns over growth sustainability.
Shares of MNDY fell sharply in pre-market trading following the announcement, reversing initial gains from the earnings outperformance.