MDB Jan 2025 470.000 put
- Yahoo Finance Video
MongoDB stock sinks after lowering full-year guidance
Shares of MongoDB (MDB) are sliding after the company issued soft guidance for the quarter and lowered its forecast for the full fiscal year. Yahoo Finance's Seana Smith and Madison Mills break down MongoDB's latest earnings and what the light guidance could signal for the company's future. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Investing.com
Midday movers: Dell, MongoDB fall; Gap, Zscaler rise
(Updated - May 31, 2024 11:39 AM EDT)
- StockStory
MongoDB's (NASDAQ:MDB) Q1 Sales Top Estimates But Stock Drops 23.4%
Database software company MongoDB (MDB) reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue up 22.3% year on year to $450.6 million. On the other hand, next quarter's revenue guidance of $462 million was less impressive, coming in 2% below analysts' estimates. It made a non-GAAP profit of $0.51 per share, down from its profit of $0.58 per share in the same quarter last year.
