Why MongoDB Stock Is Rocketing Higher After The Close
Portfolio Pulse from Adam Eckert
MongoDB Inc (NASDAQ:MDB) reported better-than-expected Q1 financial results and strong guidance, with adjusted earnings of 56 cents per share and revenue of $368.28 million. The company expects Q2 revenue between $388 million and $392 million, and full-year 2024 revenue between $1.522 billion and $1.542 billion.
June 01, 2023 | 8:45 pm
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MongoDB's better-than-expected Q1 results and strong guidance are driving the stock higher after hours.
MongoDB reported better-than-expected Q1 earnings and revenue, beating market estimates. The strong guidance for Q2 and full-year 2024 revenue also exceeded estimates, indicating a positive outlook for the company. This news is likely to drive the stock price higher in the short term.
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