MongoDB, Inc. ($MDB) Earnings (Q2 FY23)
MongoDB, Inc. ($MDB) Earnings and Opinion: MongoDB is a company in the Technology sector and operates in the Software-Infrastructure industry. The company provides a general purpose database platform worldwide. MongoDB was incorporated in 2007 and is currently headquartered in New York, New York. The company made its debut on the stock market in 2017. MongoDB Earnings Results: Revenues of $304M beating expectations of $283M Gross Profit of $223M beating expectations of $206M Operating Income of -$12M beating expectations of -$16M Adjusted EPS of -$0.23 beating expectations of -$0.27 Guidance was mixed compared to estimates Opinion: MongoDB is currently sliding a little over 8% after hours, after the company reported earnings after the market closed this afternoon. The company beat all of their estimates for the previous quarter, but it's the guidance that is causing the stock to fall after hours. The company credits the volatility currently happening in the global economy and the...