MongoDB (NASDAQ:MDB) shares jumped more than 20% in extended trading after the company beat Wall Street expectations for second-quarter results and issued third-quarter and full-year guidance above analyst estimates as well.
“MongoDB delivered strong second quarter results across the board, highlighted by Atlas revenue growth accelerating to 29%,” said Dev Ittycheria CEO.
“We also delivered meaningful margin outperformance as we executed on our plan to drive profitable growth. Reflecting this strength, we are raising our guidance on the top and bottom line for the rest of the year"
The company reported Q2 earnings of $1 per share, above estimates of 67 cents.
It posted revenue of $591.4 million comfortably beating expectations of $553.94 million.
In the current quarter company is expected to earn per share profit in the range of $0.76 -$0.79. While revenue is expected to be between $587 million and $592 million. Both above consensus of $0.73 and $583.7 million.
Annual earnings guide is between $3.64 and $3.73 per share.
Source :
https://www.investing.com/news/earnings/mongodb-jumps-after-q2-and-guidance-beat-4211600
