00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Monday.com shares fell about 21% Monday after the project management software company issued
00:08weaker-than-expected guidance and warned of ongoing market volatility, according to CNBC.
00:13The company forecast current quarter revenue of $338 million to $340 million,
00:20below the $343 million fact-set estimate.
00:24Full-year revenue guidance of $1.452 billion to $1.462 billion also trailed the $1.48 billion consensus.
00:34The company reported fourth-quarter adjusted earnings of $1.04 per share on $333.9 million
00:41in revenue, topping estimates of $0.92 per share and $329.6 million.
00:48Management cited near-term margin pressure from foreign exchange rates and broader concerns
00:53around artificial intelligence, disrupting software business models.
00:57For all things money, visit Benzinga.com.
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