MongoDB's stock is falling after weak revenue guidance
By Jon Swartz
MongoDB Inc.'s stock dropped 9% in after-hours trading Thursday following the company's quarterly results, which included weak revenue guidance.
MongoDB (MDB) provided first-quarter sales guidance of $436 million to $440 million, while FactSet analysts are forecasting $452 million. For the fiscal year, the company is estimating revenue of between $1.9 billion and $1.93 billion; FactSet analysts are modeling for $2.04 billion.
The maker of a document-oriented database program reported a fiscal fourth-quarter net loss of $55.5 million, or 77 cents a share, compared with a net loss of $64.4 million, or 93 cents a share, in the same quarter a year ago. Adjusted earnings were 86 cents a share.
Revenue jumped 27% to $458 million from $361.3 million in the year-ago quarter.
Analysts surveyed by FactSet had expected on average net income of 46 cents a share on revenue of $437 million.
Shares of MongoDB have rocketed 97% over the past year, while the broader S&P 500 index SPX has increased 32%.
-Jon Swartz
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
03-07-24 2017ET
Copyright (c) 2024 Dow Jones & Company, Inc.-
After Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
Is ServiceNow Stock a Buy After Earnings and Its Investor Day?
-
3 Stocks to Buy and 3 Stocks to Sell After Earnings
-
Markets Brief: Is It Really a Surprising Quarter for Earnings?
-
After Earnings, Is Berkshire Hathaway Stock a Buy, a Sell, or Fairly Valued?
-
For Bond Investors, Delayed Rate Cuts Demand a Different Playbook
-
What’s Happening In the Markets This Week
-
How the Tokyo Stock Exchange Is Pushing for Better Shareholder Returns
-
Occidental Earnings: CrownRock Transaction Should Still Close, but Not Until the Third Quarter
-
After Earnings, Is Apple Stock a Buy, a Sell, or Fairly Valued?
-
Uber Earnings: Network Effect Continues to Drive Profitable Growth for Uber
-
Undervalued by 28%, This Stock Is a Buy for Patient Investors
-
10 Best Growth Stocks to Buy for the Long Term
-
The Best Technology Stocks to Buy
-
After Earnings, Is Coke Stock a Buy, a Sell, or Fairly Valued?
-
Disney Earnings: Improved Streaming Results Come at the Expense of Continued Linear Weakness