MongoDB: Q1 Earnings Insights

MongoDB MDB reported its Q1 earnings results on Thursday, June 1, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

MongoDB beat estimated earnings by 194.74%, reporting an EPS of $0.56 versus an estimate of $0.19.

Revenue was up $82.83 million from the same period last year.

Last quarter the company beat on EPS by $0.5 which was followed by a 8.36% drop in the share price the next day.

Here's a look at MongoDB's past performance:

Quarter	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	0.07	-0.17	-0.28	-0.09
EPS Actual	0.57	0.23	-0.23	0.20
Revenue Estimate	337.66M	303.39M	282.40M	266.45M
Revenue Actual	361.31M	333.62M	303.66M	285.45M

To track all earnings releases for MongoDB visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.