Recap: MongoDB Q3 Earnings
Portfolio Pulse from Benzinga Insights
MongoDB (NASDAQ:MDB) reported Q3 earnings with an EPS of $0.96, surpassing estimates by 92% and showing significant revenue growth from the previous year. The company has a history of beating EPS estimates, which has previously led to a share price increase the following day.
December 05, 2023 | 9:10 pm
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MongoDB reported a strong Q3 with a 92% earnings beat and significant year-over-year revenue growth. Historically, such performance has led to a positive share price movement the following day.
MongoDB's substantial earnings beat and revenue increase are strong indicators of the company's growth and financial health. Given the historical positive reaction of the stock to earnings beats, it is likely that the stock will experience a short-term increase in price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100