By Jon Swartz GitLab Inc.s stock dropped 22% in after-hours trading Monday after the company posted quarterly results that topped analysts estimates but issued weak guidance. GitLab GTLB reported a fiscal fourth-quarter net loss of 37.6 million, or 23 cents a share, compared with a net loss of 42.1 million, or 26 cents a share, in the same quarter a year ago. Adjusted earnings were 15 cents a share. Revenue climbed 33% to 163.8 million from 122.9 million in the year-ago quarter. Analysts surveyed by FactSet had expected on average net income of 8 cents a share on revenue of 157.9 million. GitLab projected full-year adjusted earnings of 19 cents a share to 23 cents a share, while FactSet analysts are forecasting 35 cents a share. In a conference call with analysts, GitLab Chief Financial Officer Brian Robins chalked up conservative guidance to churn and contraction among customers. Shares of GitLab have soared 45% this year, while the broader SP 500 index has increased 27%.