MongoDB (MDB) Tops Q4 EPS by 40c, Guidance Misses
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MongoDB (MDB) stock falls as guidance disappoints
March 8, 2024 7:20 AM ESTMongoDB (NASDAQ: MDB) reported a significant beat on its fourth-quarter earnings but saw its shares drop sharply by 8.98% due to its weaker-than-expected guidance for the fiscal year 2025. The company's Q4 adjusted EPS came in at $0.86, surpassing the analyst estimate of $0.46. Revenue for the quarter was also above expectations at $458 million, compared to the consensus estimate of $437.18 million, marking a 27% increase YoY.
Despite the strong fourth-quarter performance, MongoDB's guidance for the fiscal year 2025 and the first quarter of the same fiscal year fell short of analyst expectations. The company forecasts an adjusted EPS... More
