News Formal

MongoDB stock gains 12% after earnings beat, bullish guidance

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

MongoDB Inc. MDB, -0.

59% shares surged more than 12% in the extended session Wednesday after the software business issued bullish guidance, well above what Wall Street had modeled, and beat expectations for quarterly losses and revenue. The company reported first-quarter net losses of $22.2 million, or 41 cents a share, compared with losses of $20 million, or 40 cents a share, in the year-ago period.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Not bad at all.

.BackAftaThis MikeFrancesa

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dropbox, GitHub and 12 other companies that offer unlimited vacationDropbox, GitHub and 12 other companies that offer unlimited vacation via CNBCMakeIt MakeIt You do realize that “unlimited vacation” is a scam? It is a way for companies to not have to pay exiting employees for any time that they have accrued. Not to mention, the fear still exists that if one goes on vacation, one’s work ethic will be scrutinized.
Source: CNBC - 🏆 12. / 72 Read more »