MongoDB's blowout earnings and forecast beat sends stock soaring [MarketWatch]
MongoDB, Inc. - Class A (MDB)
Last mongodb, inc. - class a earnings: 3/17 04:05 pm
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US:NASDAQ Investor Relations:
investors.mongodb.com/investor-relations
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Source: MarketWatch
MongoDB reported a first-quarter loss of $54.2 million, or 77 cents a share, on sales of $368.3 million, up from $285.4 million a year ago. After adjusting for stock compensation and other effects, the company reported earnings of 56 cents a share, up from 20 cents a share a year ago. Analysts on average were expecting adjusted earnings of 18 cents a share on sales of $348 million, according to FactSet. Chief Executive Dev Ittycheria credited the outperformance to signing up more new customers in the new quarter than MongoDB had in more than two years. “MongoDB began fiscal 2024 with strong first quarter results, highlighted by 40% Atlas revenue growth and the most net new customer additions in over two years,” he said in a statement. Executives expect the gains to continue, guiding for second-quarter adjusted earnings of 43 cents to 46 cents a share on sales of $388 million to $392 million. Analysts on average were projecting adjusted earnings of 14 cents a share on sales of $363 mil
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MDB
Earnings
- 3/7/24 - Beat
MDB
Sec Filings
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- MDB's page on the SEC website