07:27 AM EST, 11/11/2024 (MT Newswires) -- Monday.com ( MNDY ) reported Q3 non-GAAP net income Monday of $0.85 per diluted share, up from $0.64 a year earlier.

Analysts polled by Capital IQ expected $0.63.

Revenue for the quarter ended Sept. 30 was $251 million, up from $189.2 million a year earlier.

Analysts surveyed by Capital IQ expected $246.3 million.

The company said it expects Q4 revenue of $260 million to $262 million. Analysts polled by Capital IQ expect $261 million.

For the full-year 2024, Monday.com ( MNDY ) said it now expects total revenue to be between $964 million and $966 million, up from its prior outlook of $956 million to $961 million. Analysts surveyed by Capital IQ expect $960.3 million.

Shares of the company fell 15% in recent Monday premarket activity.

Price: 276.36, Change: -47.95, Percent Change: -14.79