MongoDB Q3 Adj $0.96 Beats $0.50 Estimate, Sales $432.90M Beat $403.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
MongoDB, Inc. (NASDAQ:MDB) reported Q3 earnings of $0.96 per share, surpassing the $0.50 estimate, a 317.39% increase from last year's $0.23. Sales reached $432.90M, exceeding the $403.65M estimate, marking a 29.76% increase from the previous year.
December 05, 2023 | 9:05 pm
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POSITIVE IMPACT
MongoDB's Q3 earnings and sales significantly exceeded analyst estimates, indicating strong financial performance and potential market confidence.
MongoDB's earnings and sales beat not only demonstrates strong growth compared to the same quarter last year but also indicates that the company is performing well above market expectations. This positive earnings surprise is likely to instill investor confidence and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100