Monday.com drops despite Q2 beat as guidance underwhelms

MNDY Monday.Com Ltd

$83.51 -0.93%

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JBI -2.55%

1. 1Monday.com (MNDY) falls 5.5% premarket after its Q3 revenue guidance underwhelms, even as Q2 results top estimates
2. 2Adjusted EPS of $1.48 and revenue of $364.6M beat consensus, but Q3 revenue guidance of $368M–$370M fell short of expectations
3. 3Q3 mid-point growth of 16–17% marks a slowdown from Q2's 22%; full-year revenue guided to $1.466B–$1.474B

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