Atlas Push Lifts MDB Outlook, But After-Hours Selloff Presses MongoDB Shares
TL;DR Summary
MongoDB boosted its full-year revenue outlook to $2.99-$3.03B and adjusted earnings to $6.39-$6.58, driven by Atlas; but after-hours selling followed as investors digested a Q3 guide of $756-$761M in revenue and $1.57-$1.61 in EPS, a step down from Q2's $771.8M revenue and $1.90 EPS, with MDB citing Atlas and Enterprise Advanced as growth drivers and maintaining a cash balance of about $2.4B and over 70,600 customers.
- MDB Stock Dives After-Hours Despite Raised Full-Year Forecast — What’s Driving The Selloff? Yahoo Finance
- MongoDB delivers another solid quarter, but AI, infrastructure costs weigh on shares (MDB:NASDAQ) Seeking Alpha
- MongoDB heads into Q2 print with AI upside still unproven proactiveinvestors.com
- MongoDB Earnings Beat Estimates But Stock Tumbles Investor's Business Daily
- MongoDB shares tumble despite strong earnings on ‘disappointing’ news for investors MarketWatch
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