MongoDB Q1 EPS $0.51 Beats $0.40 Estimate, Sales $450.56M Beat $439.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
MongoDB (NASDAQ:MDB) reported Q1 earnings per share (EPS) of $0.51, beating the analyst estimate of $0.40. Sales were $450.56 million, surpassing the $439.64 million estimate. Despite a year-over-year EPS decrease, sales increased by 22.34%.
May 30, 2024 | 8:10 pm
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MongoDB reported Q1 EPS of $0.51, beating estimates by 27.5%, and sales of $450.56 million, surpassing expectations. Despite a year-over-year EPS decrease, sales increased by 22.34%.
The strong earnings and sales performance, despite a year-over-year EPS decrease, indicates robust business growth. Beating both EPS and sales estimates is likely to positively impact the stock price in the short term.
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