People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021.
Check out the companies making headlines in post-market trading.
GitLab – The development software operator jumped 23% after it posted a narrower per-share loss than expected while also coming in above expectations for revenue, according to FactSet. GitLab also gave a strong outlook for the next quarter and full year.
Herbalife Nutrition – The multi-level marketing company dropped 11% after it announced a proposed offering of $250 million in convertible senior notes, which will mature in 2028.
Sumo Logic – Shares of the machine data analytics company added 11% after reporting a smaller per-share loss and greater revenue than anticipated by analysts polled by FactSet. The company also positively revised its expected full-year earnings per share and revenue.