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MongoDB (NASDAQ:MDB) Exceeds Q3 Expectations But Stock Drops

Database software company MongoDB (MDB) reported results ahead of analysts' expectations in Q3 FY2024, with revenue up 29.8% year on year to $432.9 million. On top of that, next quarter's revenue guidance ($431 million at the midpoint) was surprisingly good and 4.1% above what analysts were expecting. It made a non-GAAP profit of $0.96 per share, improving from its profit of $0.23 per share in the same quarter last year. ....

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MongoDB (NASDAQ:MDB) Announces Quarterly Earnings Results, Beats Expectations By $0.45 EPS

MongoDB (NASDAQ:MDB – Get Free Report) released its earnings results on Monday. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.45, MarketWatch Earnings reports. MongoDB had a negative return on equity of 29.69% and a negative net margin of 16.21%. The business had revenue of […] ....

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Kestra Advisory Services LLC Has $693,000 Stake in MongoDB, Inc. (NASDAQ:MDB)

Kestra Advisory Services LLC raised its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 51.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,687 shares of the company’s stock after buying an additional 574 shares during the […] ....

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MongoDB Earnings Crushed Estimates. Why the Stock Is Falling Anyway.

Database software provider MongoDB has been a highflying bet on the growth of cloud computing. ....

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