Database software startup MongoDB (MDB) reported second-quarter results late Wednesday that soundly beat estimates on the top and bottom lines, but its earnings outlook fell short. MongoDB stock initially fell in after-hours trading, then reversed higher.
The company reported an adjusted loss of 22 cents per share on revenue of $138.3 million. Wall Street expected a loss of 40 cents on revenue of $126.8 million. It has yet to show a profit.
The company expects third-quarter revenue in the range of $137 million to $139 million. That's above Wall Street estimates of $130.6 million. However, it expects an adjusted loss in the range of 45 cents to 48 cents, vs. Wall Street estimates of a 38-cent loss.
MongoDB stock climbed 2.5%, near 245.50, during after-hours trading on the stock market today. During regular hours, MongoDB stock hit a record intraday high of 258.05, but ended the day down 4.5%, closing at 239.53.
MongoDB provides an open-source database software platform. It has a subscription-based, software-as-a-service business model.
"MongoDB's strong second-quarter performance reflected impressive sales execution and the growing strategic importance of our modern data platform in solving many of our customers' most complex digital transformation challenges," Chief Executive Dev Ittycheria said in written remarks with the earnings release.
MongoDB stock is up 82% this year.
Reprinted from yahoofinance, the copyrights all reserved by the original author.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。