Tuesday's Earnings Movers: MDB 7-Month Lows, ONON Stumbles & AZO Lower
Youtube·2026-03-03 15:01

MongoDB - MongoDB shares dropped more than 28% following a disappointing outlook despite better-than-expected quarterly results [2][3] - The company projects fiscal year revenue between $2.86 billion to $2.9 billion and adjusted earnings per share of $5.75 to $5.93, which is below analyst expectations [4] - The recent quarter showed adjusted earnings per share of $1.65, exceeding the forecast of $1.48, but concerns about slower growth led to the sell-off [5] On Holding - On Holding is facing pressure due to weak guidance, projecting 2026 sales growth of at least 23%, which is below analyst expectations [6] - The company reported record sales in the most recent quarter, with adjusted earnings per share of $0.31, surpassing the expected $0.18, and revenue of $930.66 million [7] - The standout region for On Holding was Asia-Pacific, with growth over 80%, but overall outlook remains a concern [8] AutoZone - AutoZone's stock is under pressure after weaker-than-expected quarterly results, with EPS at $27.63 against an expectation of $27.75 and revenue of $4.274 billion, which was also a miss [9][10] - Same store sales increased by 3.3% on a constant currency basis, but growth is slowing, and international sales came in slightly below expectations [11][12] - The company opened 64 net new stores globally during the quarter, contributing to market share gains despite the current stock pressure [12]

On AG-Tuesday's Earnings Movers: MDB 7-Month Lows, ONON Stumbles & AZO Lower - Reportify