** GitLab's GTLB.O shares rise 7.3% to $70.87 aftermarket
** Co reports Q3 revenue of $196 mln vs analysts' estimates of $187.9 mln — LSEG
** Posts Q3 adj. EPS of 24 cents, beating estimates of 16 cents
** GTLB expects its FY24 revenue to be between $753 mln and $754 mln, analysts' on average expect a revenue of $744.1 mln
** On an adjusted basis it expects its FY profit to be between 63 cents and 64 cents, above Street's estimates of 47 cents
** CEO Sid Sijbrandij steps down and transitions to executive chair of the board, co appoints Bill Staples as new CEO
** 25 of 28 brokerages rate the stock "buy" or higher, 3 "hold"; their median PT is $70
** Including session's moves, stock up 4.8% YTD
(Reporting by Abhinav Parmar in Bengaluru)
((abhinav.parmar@thomsonreuters.com))
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