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Why MongoDB Stock Popped Today

TheMotleyFool

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Shares of MongoDB (NASDAQ: MDB) popped as much as 8% today after the company reported third-quarter earnings. The database specialist delivered a classic beat-and-raise performance that impressed investors. As of 12:15 p.m. EST, the stock was up 4%.

Revenue in the fiscal third quarter was $150.8 million, topping the $138.7 million in sales that analysts were modeling for. That resulted in an adjusted net loss of $18.2 million, or $0.31 per share. The consensus estimate had called for $0.44 per share in red ink. The technology company finished the quarter with $966.8 million in cash.

Imager source: Getty Images.

Source Fool.com

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