Atlas Push Lifts MDB Outlook, But After-Hours Selloff Presses MongoDB Shares
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.