On Tuesday, MongoDB Inc. (MDB) disclosed that it had incurred a loss of $29.3 million during the third quarter of its fiscal year.
On a per-share basis, the corporation that is situated in New York reported that it had incurred a loss of 41 cents. A total of 96 cents per share was earned after taking into account the expenses associated with stock options and amortization.
These achievements exceeded the expectations of Wall Street. Zacks Investment Research surveyed nine analysts, and the average expectation for earnings per share was 49 cents. Zacks Investment Research published this estimate.
The revenue that the database platform reported for the period was $432.9 million, which was also higher than what the Street had anticipated. The nine analysts that Zacks surveyed anticipated a total of $402.8 million.
They anticipates that its earnings per share for the current quarter, which ends in January, will be in the range of 44 cents to 46 cents.
MongoDB Loss: Fiscal Q3 Earnings Snapshot
The company has stated that it anticipates the fourth quarter of the fiscal year to bring in revenue that falls anywhere between $429 million and $433 million.
The company anticipates that its year-end earnings will fall somewhere in the range of $2.89 to $2.91 per share and that its sales will fall somewhere between $1.65 billion and $1.66 billion.