MDB - Why MongoDB Stock Is Moving Lower Friday | Benzinga
MongoDB, Inc. (NASDAQ: MDB) shares are trading lower Friday after the company issued weak guidance for the upcoming quarter as well as fiscal-year 2025.
The Details: MongoDB reported financial earnings for the first quarter of fiscal-year 2025 after the market close on Thursday.
The company reported adjusted EPS of 51 cent beating analyst estimates of 40 cents. In addition, MongoDB announced revenue of $450.56 million which came in ahead of analyst estimates of 439.64 million.
The reported sales figure represents a 22.34% increase in sales compared to the same period last year.
MongoDB announced guidance for the second quarter and ...