GitLab’s weak earnings guidance is punishing its stock

GitLab Inc.’s stock dropped 12% in after-hours trading Monday after the company posted quarterly results that topped analysts’ estimates but issued weak guidance.GitLab GTLB, +1.58%reported a fiscal fourth-quarter net loss of $37.6 million, or 23 cents a share, compared with a net loss of $42.1 million, or 26 cents a share, in the same quarter a year ago. Adjusted earnings were 15 cents a share. Revenue climbed 33% to $163.8 million from $122.9 million in the year-ago quarter.Analyst