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Big Movers: GitLab Slides Despite Earnings Beat, Acadia Healthcare Plunges on Guidance Cut

MarketDash Editorial Team
5 days ago
U.S. futures edged higher Wednesday morning, but several major stocks faced pressure in pre-market trading. GitLab tumbled after issuing weak guidance despite beating earnings, while Acadia Healthcare cratered on a dramatic guidance cut tied to litigation reserves.

U.S. stock futures showed modest gains Wednesday morning, with Dow futures climbing around 0.1%. But beneath that calm surface, several big names were taking hits in pre-market action.

Leading the decliners was GitLab Inc. (GTLB), which dropped sharply despite posting solid third-quarter results. The company reported earnings of 25 cents per share, crushing analyst expectations of 20 cents. Revenue came in at $244.35 million, also topping the Street estimate of $239.63 million, according to market data.

So what's the problem? GitLab's fourth-quarter sales guidance disappointed investors, with the midpoint landing below analyst estimates. That forward-looking weakness was enough to send shares down 8% to $39.90 in pre-market trading, proving once again that beating the quarter matters less than what you say about the next one.

Other Notable Decliners

Acadia Healthcare Company Inc. (ACHC) suffered the steepest drop, plummeting 22.7% to $12.74. The behavioral healthcare provider slashed its full-year 2025 guidance after updating its professional and general liability reserves. The culprit? Larger-than-expected expenses tied primarily to patient-related litigation. That's the kind of surprise that sends investors running for the exits.

TryHard Holdings Limited (THH) gave back some of Tuesday's enthusiasm, dipping 16.6% to $18.70 after jumping 50% the previous session. Sometimes what goes up comes down just as quickly.

Pure Storage Inc. (PSTG) fell 11.8% to $83.50 following its quarterly results, while Box Inc. (BOX) declined 7.1% to $28.05. Box posted in-line earnings for the third quarter but issued fiscal 2026 earnings per share guidance below analyst expectations.

Okta, Inc. (OKTA) slipped 3.5% to $79.03 after reporting third-quarter results, and Erasca, Inc. (ERAS) fell 2.8% to $2.81, extending Tuesday's 4% decline.

Even CrowdStrike Holdings, Inc. (CRWD) dipped 2.1% to $505.79, despite reporting better-than-expected third-quarter results and raising its full-year guidance. Sometimes good news just isn't enough to fight the tape.

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Big Movers: GitLab Slides Despite Earnings Beat, Acadia Healthcare Plunges on Guidance Cut

MarketDash Editorial Team
5 days ago
U.S. futures edged higher Wednesday morning, but several major stocks faced pressure in pre-market trading. GitLab tumbled after issuing weak guidance despite beating earnings, while Acadia Healthcare cratered on a dramatic guidance cut tied to litigation reserves.

U.S. stock futures showed modest gains Wednesday morning, with Dow futures climbing around 0.1%. But beneath that calm surface, several big names were taking hits in pre-market action.

Leading the decliners was GitLab Inc. (GTLB), which dropped sharply despite posting solid third-quarter results. The company reported earnings of 25 cents per share, crushing analyst expectations of 20 cents. Revenue came in at $244.35 million, also topping the Street estimate of $239.63 million, according to market data.

So what's the problem? GitLab's fourth-quarter sales guidance disappointed investors, with the midpoint landing below analyst estimates. That forward-looking weakness was enough to send shares down 8% to $39.90 in pre-market trading, proving once again that beating the quarter matters less than what you say about the next one.

Other Notable Decliners

Acadia Healthcare Company Inc. (ACHC) suffered the steepest drop, plummeting 22.7% to $12.74. The behavioral healthcare provider slashed its full-year 2025 guidance after updating its professional and general liability reserves. The culprit? Larger-than-expected expenses tied primarily to patient-related litigation. That's the kind of surprise that sends investors running for the exits.

TryHard Holdings Limited (THH) gave back some of Tuesday's enthusiasm, dipping 16.6% to $18.70 after jumping 50% the previous session. Sometimes what goes up comes down just as quickly.

Pure Storage Inc. (PSTG) fell 11.8% to $83.50 following its quarterly results, while Box Inc. (BOX) declined 7.1% to $28.05. Box posted in-line earnings for the third quarter but issued fiscal 2026 earnings per share guidance below analyst expectations.

Okta, Inc. (OKTA) slipped 3.5% to $79.03 after reporting third-quarter results, and Erasca, Inc. (ERAS) fell 2.8% to $2.81, extending Tuesday's 4% decline.

Even CrowdStrike Holdings, Inc. (CRWD) dipped 2.1% to $505.79, despite reporting better-than-expected third-quarter results and raising its full-year guidance. Sometimes good news just isn't enough to fight the tape.

    Big Movers: GitLab Slides Despite Earnings Beat, Acadia Healthcare Plunges on Guidance Cut - MarketDash News