MongoDB Q1 Adj $0.56 Beats $0.19 Estimate, Sales $368.28M Beat $347.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
MongoDB reported Q1 earnings of $0.56 per share, beating the $0.19 estimate by 194.74%, and sales of $368.28M, surpassing the $347.15M estimate by 6.09%. This represents a 180% increase in earnings and a 29.02% increase in sales compared to the same period last year.
June 01, 2023 | 8:10 pm
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MongoDB's Q1 earnings and sales beat estimates, with a 180% increase in earnings and a 29.02% increase in sales compared to last year.
MongoDB's Q1 earnings and sales both exceeded analyst estimates, with significant increases compared to the same period last year. This positive financial performance is likely to have a short-term positive impact on the stock price, as it demonstrates the company's growth and ability to outperform expectations.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100