On August 10, Monday.com Ltd. fell 13.77% in regular trading, trading at approximately $83.53/share, with turnover of $70.74 million. The decline was triggered by the company's Q3 revenue guidance falling short of market expectations, compounded by ongoing restructuring costs, despite a Q2 earnings beat.

The company reported Q2 adjusted EPS of $1.48, well above the $1.11 consensus estimate, while revenue of $364.6 million exceeded the $355.5 million forecast. However, Q3 revenue guidance of $368 million to $370 million came in below the analyst estimate of $372.8 million. The company maintained its full-year revenue outlook of $1.466 billion to $1.474 billion, roughly in line with the $1.471 billion consensus.

Additionally, the company previously announced a restructuring plan to reduce its workforce by approximately 20%, with estimated net charges of $45 million to $55 million, the majority of which will be recognized in the second half. The combination of below-consensus forward guidance and concentrated restructuring expenses weighed on market confidence in the company's near-term growth trajectory.

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