MongoDB Sees Q3 Revenue $493M-$497M vs $478.75M Est., Adj. EPS $0.65-$0.68 vs $0.60 Est.; Sees FY24 Adj. EPS $2.33-$2.47 vs $2.26 Est., Revenue $1.92B-$1.93B vs $1.9B Est.
Portfolio Pulse from Benzinga Newsdesk
MongoDB has raised its Q3 revenue guidance to $493M-$497M, surpassing the estimated $478.75M, and adjusted EPS to $0.65-$0.68, above the $0.60 estimate. For FY24, the company projects adjusted EPS of $2.33-$2.47 and revenue of $1.92B-$1.93B, both exceeding expectations.
August 29, 2024 | 8:13 pm
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MongoDB has increased its Q3 revenue and EPS guidance, surpassing analyst estimates. The company also raised its FY24 outlook, indicating strong business performance.
MongoDB's raised guidance for Q3 and FY24 indicates better-than-expected business performance, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100