MongoDB Stock Brushes Off Upbeat Results
Portfolio Pulse from
MongoDB Inc (NASDAQ:MDB) shares fell 10.3% to $314.10 despite reporting better-than-expected third-quarter results and a positive full-year revenue forecast.
December 10, 2024 | 4:00 pm
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MongoDB's stock fell 10.3% despite reporting strong third-quarter results and a positive full-year revenue forecast.
Despite MongoDB's strong earnings report and positive revenue forecast, the stock price fell by 10.3%. This suggests that investors may have had higher expectations or there may be other market factors at play causing the decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100