MongoDB gains on annual profit, revenue forecast raise

Mongodb

09/12/2024 21:51

** Developer data platform MongoDB's  MDB.O  shares rise
10.82% to $388 after the bell 
    ** Co sees full-year revenue to be between $1.97 billion and
1.98 billion, compared with prior view of $1.92 billion to $1.93
billion
    ** Expects annual adjusted profit per share to be between
$3.01 and $3.03, compared with previous forecast of $2.33 to
$2.47
    ** MongoDB Chief Financial Officer Michael Gordon will be
stepping down on Jan. 31, 2025
    ** Co forecasts Q4 2025 revenue to be between $515 million
and $519 million vs analysts' average estimate of $508.94
million - LSEG data
    ** Posts Q3 revenue of $529.4 million, beating estimates of
$501.97 million
    ** As of last close, stock down ~14% YTD

 (Reporting by Sriparna Roy in Bengaluru)
 ((Sriparna.Roy@thomsonreuters.com;))