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MongoDB stock gains 12% after earnings beat, bullish guidance

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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.

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