MongoDB Stock Soars as Strong Earnings and Guidance Impress Investors

Key Takeaways Database software maker MongoDB's (MDB) stock is soaring after the company posted stronger-than-expected quarterly results and a solid forecast. Shares of MongoDB soared nearly 25% Tuesday, a day after the company reported adjusted earnings of $1.32 per share on revenue that increased 19% year-over-year to $628.3 million. Analysts surveyed by Visible Alpha had expected $0.82 and $594.3 million, respectively. Why This Matters "Q3 was an exceptional quarter," MongoDB CEO CJ Desai said. Cheng Xin ...