MongoDB delivers upbeat guidance after Q3 results beat
Investing.com -- MongoDB reported upbeat guidance Tuesday after third-quarter results topped Wall Street estimates as the data storage company benefited from new business.
MongoDB (NASDAQ:MDB) fell more than 5% following the report.
MongoDB reported adjusted EPS of $0.96 on revenue of $432.9 million, topping estimates of $0.51 and $406.3M, respectively.
The company attributed the stronger performance to «winning new workloads from both new and existing customers across verticals, geographies, and customer segments.»
Looking ahead to fiscal Q4, the company forecasts adjusted EPS of $0.44 to $0.46 on revenue of $429M to $433M. That compared with Wall Street estimates for EPS of $0.37 on revenue of $413.9M.
For fiscal 2024, adjusted EPS was guided in a range of $2.89 to $2.91, topping estimates of $2.35 and revenue is expected between $1.65B and $1.66B, compared with estimates for EPS of $2.35 on revenue of $1.61B.
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