GitLab Inc. reported its fourth-quarter earnings, surpassing analysts' expectations with an earnings per share (EPS) of $0.15 against the estimated $0.08 and sales of $163.78 million, marking a +28.72% increase YoY against the forecasted $158.21 million. Despite these positive results, the company's stock dropped significantly due to its weak earnings guidance for the upcoming quarter. GitLab anticipates a loss between $0.04 and $0.05 per share on revenue projections of $165 million to $166 million, which contrasts with the Street's expectations of a $0.06 EPS and $162.1 million in sales. This guidance has led to a notable decrease in GitLab's stock price, with reports indicating a drop of 8% shortly after the announcement and nearly 24% the following day.