07:38 AM EDT, 05/15/2024 (MT Newswires) -- Monday.com ( MNDY ) reported Q1 non-GAAP earnings Wednesday of $0.61 per diluted share, up from $0.14 a year earlier.

Analysts polled by Capital IQ expected $0.40.

Revenue for the quarter ended March 31 was $216.9 million, up from $162.3 million a year earlier.

Analysts surveyed by Capital IQ expected $210.6 million.

The company said it expects Q2 revenue of $226 million to $230 million. Analysts surveyed by Capital IQ project $225.2 million.

For full-year 2024, the company expects revenue of $942 million to $948 million. Analysts polled by Capital IQ expect $936 million.

Shares of the company rose more than 19% in recent premarket trading activity.

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