MongoDB: Fiscal Q4 Earnings Snapshot
By AP News
Published - Mar 07, 2024, 04:39 PM ET
Last Updated - Mar 07, 2024, 04:39 PM EST
NEW YORK (AP) — NEW YORK (AP) — MongoDB Inc. (MDB) on Thursday reported a loss of $55.5 million in its fiscal fourth quarter.
The New York-based company said it had a loss of 77 cents per share. Earnings, adjusted for stock option expense and pretax expenses, were 86 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The database platform posted revenue of $458 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $432 million.
