MongoDB (NASDAQ: MDB) reported second-quarter 2021 financial results after the closing bell on Wednesday. The software company reported a 39% increase in Q2 revenues to $138.3 million, beating Wall Street consensus. Adjusted loss per share of $0.22 per share was also narrower than what analysts had anticipated.
The topline was driven by a 66% growth in Atlas revenue.
Buoyed by the strong results, the company raised its revenue outlook for fiscal 2021 to $549- 554 million. During this period, adjusted loss per share is projected between $1.21 and $1.29.
For the third quarter, MongoDB expects a loss of 45-48 cents per share on revenues of $137-139 million.
MDB shares rose 1% immediately following the announcement. The stock has gained 80% so far this year.
“While we continue to expect to see an impact from COVID-19 on our business, the strength of our modern data platform and the rising importance of digital transformation and cloud migration are making MongoDB an increasingly strategic partner for our customers,” CEO Dev Ittycheria said in a statement.
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in
As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,
Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although