<ul><li>GitLab Inc. faced a dip in its stock price after falling slightly short on its sales guidance while increasing full-year profit outlook.</li><li>In the first quarter, GitLab reported earnings of 17 cents per share, surpassing Wall Street's target of 15 cents, with revenue rising by 27% to $214.5 million.</li><li>The company reduced its net loss to $36.2 million from $55.4 million in the year-ago period, functioning as a major player in the DevOps market.</li><li>Despite the positive financial performance and raised earnings forecast, GitLab's stock fell over 11% in after-hours trading, bringing its year-to-date decline to over 13%.</li></ul>

GitLab’s revenue outlook comes up short and its stock gets hammered

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