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MongoDB: Fiscal 2Q Earnings Snapshot

September 4, 2019 GMT

NEW YORK (AP) _ MongoDB Inc. (MDB) on Wednesday reported a loss of $37.3 million in its fiscal second quarter.

The New York-based company said it had a loss of 67 cents per share. Losses, adjusted for one-time gains and costs, came to 26 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.

The database platform posted revenue of $99.4 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $91.3 million.

For the current quarter ending in November, MongoDB expects its results to range from a loss of 29 cents per share to a loss of 27 cents per share.


The company said it expects revenue in the range of $98 million to $100 million for the fiscal third quarter.

MongoDB expects full-year results to range from a loss of $1.11 per share to a loss of $1.06 per share, with revenue ranging from $390 million to $395 million.

MongoDB shares have climbed 89% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $158.66, more than doubling in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MDB at https://www.zacks.com/ap/MDB