MongoDB Inc. (MDB) reported its latest financial results, highlighting an improvement in earnings performance. For the third quarter, the company posted a loss of $9.78 million, compared to a loss of $29.30 million recorded in the same period the previous year. The earnings per share (EPS) were -$0.13, an improvement from -$0.41 reported in the same quarter last year. After adjusting for certain items, MongoDB Inc. achieved adjusted earnings of $98.10 million or $1.16 per share for the quarter.
Analysts had forecasted earnings per share of $0.69. The company's revenue rose to $529.375 million for the third quarter, up from $418.339 million during the same period last year.
**Guidance**: For the next quarter, MongoDB anticipates EPS to be in the range of $0.62 to $0.65, with revenue guidance projected between $515 million and $519 million. For the full fiscal year, the company expects EPS between $3.01 and $3.03, with revenue anticipated to be between $1.973 billion and $1.977 billion.
