MongoDB Q2 Results: Better-Than-Expected Earnings, Guidance Above Estimates
Portfolio Pulse from Ryan Gustafson
MongoDB, Inc. (NASDAQ:MDB) reported better-than-expected Q2 results and issued Q3 and full-year 2024 guidance above estimates. Q2 earnings were 93 cents per share, beating the estimate of 46 cents. Q2 sales were $423.80 million, surpassing the estimate of $393.35 million. The company also reported having $1.9 billion in cash and equivalents. Q3 EPS guidance is between 47 and 50 cents, and revenue is expected to be between $400 million and $404 million. Full-year 2024 EPS is estimated to be between $2.27 and $2.35, with revenue between $1.596 billion and $1.608 billion.
August 31, 2023 | 8:58 pm
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MongoDB reported strong Q2 results and issued positive future guidance, which could boost investor confidence and potentially drive the stock price up in the short term.
MongoDB's better-than-expected Q2 results and positive future guidance indicate strong performance and potential for continued growth. This could increase investor confidence in the company, potentially leading to increased demand for the stock and a rise in its price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100