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Shares of work management software provider Monday.com (MNDY) recently took another hit as investors reacted sharply to its latest quarterly report. On Nov. 10, the cloud-based app development and project management specialist unveiled its third-quarter results, and at first glance, everything looked fine.
Revenue climbed 26% year-over-year (YOY) to $316.9 million, while adjusted EPS jumped 36% to $1.16. The company comfortably topped Wall Street’s estimates across the board, turning in its strongest non-GAAP operating profit to date.
