MongoDB Q2 EPS $0.93 Beats $0.46 Estimate, Sales $423.80M Beat $393.35M Estimate
Portfolio Pulse from Happy Mohamed
MongoDB (NASDAQ:MDB) reported Q2 earnings of $0.93 per share, beating the analyst consensus estimate of $0.46 by 102.17%. This is a 504.35% increase from the same period last year. The company also reported quarterly sales of $423.80 million, beating the analyst consensus estimate of $393.35 million by 7.74%. This is a 39.56% increase from the same period last year.
August 31, 2023 | 8:08 pm
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POSITIVE IMPACT
MongoDB's Q2 earnings and sales significantly exceeded estimates, indicating strong financial performance. This could positively impact the company's stock price in the short term.
MongoDB reported a significant increase in Q2 earnings and sales compared to the same period last year, and also beat analyst estimates. This strong financial performance indicates the company's growth and profitability, which could make the stock more attractive to investors and drive up its price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100