MongoDB (NASDAQ:MDB) Exceeds Q3 Expectations But Stock Drops

MongoDB (NASDAQ:MDB) Exceeds Q3 Expectations But Stock Drops

Database software company MongoDB (MDB) reported results ahead of analysts' expectations in Q3 FY2024, with revenue up 29.8% year on year to $432.9 million. On top of that, next quarter's revenue guidance ($431 million at the midpoint) was surprisingly good and 4.1% above what analysts were expecting. It made a non-GAAP profit of $0.96 per share, improving from its profit of $0.23 per share in the same quarter last year.

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