Shares of MongoDB Inc. rallied more than 8% in the extended session Thursday after the software company reported fiscal 2024 second-quarter earnings well...
Shares of MongoDB Inc. MDB, +1.54% rallied more than 8% in the extended session Thursday after the software company reported fiscal 2024 second-quarter earnings well above forecasts and said it has an “even stronger” competitive advantage “in the world of AI.” MongoDB lost $37.6 million, or 53 cents a share, in the quarter, compared with a net loss of $118.9 million, or $1.74 a share, in the year-ago period. Adjusted for one-time items, MongoDB earned 93 cents a share. Revenue rose 40% to $423.
Analysts polled by FactSet expected adjusted earnings of 46 cents a share on sales of $394 million. “We are at the early stages of AI powering the next wave of application development,” Chief Executive Dev Ittycheria said in a statement. MongoDB “provides developers a unified platform that supports both the foundational requirements necessary for any application and the exceptionally demanding needs of AI-specific applications,” he said. The company guided for full-year revenue of $1.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Netflix Inc. stock underperforms Wednesday when compared to competitors despite daily gainsShares of Netflix Inc. rose 1.09% to $434.67 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500...
Consulte Mais informação »
HP Inc. Earnings Disappoint. The Stock Drops.Fundamentals are improving more slowly than the company had hoped, prompting management to lower its outlook for the October 2023 fiscal year.
Consulte Mais informação »
HP Inc. Earnings Disappoint. The Stock Drops.Fundamentals are improving more slowly than the company had hoped, prompting management to lower its outlook for the October 2023 fiscal year.
Consulte Mais informação »
Meta Platforms Inc. stock outperforms competitors on strong trading dayShares of Meta Platforms Inc. inched 0.27% higher to $295.89 Thursday, on what proved to be an all-around mixed trading session for the stock market, with...
Consulte Mais informação »
Lamb Weston Holdings Inc Stock Price Today | NYSE LW Live TickerView today's Lamb Weston Holdings Inc stock price and latest LW news and analysis. Create real-time notifications to follow any changes in the live stock price.
Consulte Mais informação »
Alphabet Inc. Cl A stock rises Wednesday, outperforms marketShares of Alphabet Inc. Cl A inched 0.97% higher to $135.88 Wednesday, on what proved to be an all-around great trading session for the stock market, with...
Consulte Mais informação »