MongoDB stock jumps 27% after cloud database company shows surprise adjusted profit

Dev Ittycheria, CEO of MongoDB

Adam Jeffery | CNBC

MongoDB shares rose 27% in extended trading on Tuesday after the database software maker surprisingly swung to a profit.

Here’s how the company did:

  • Earnings: 23 cents per share, adjusted, vs. a loss of 17 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $333.6 million, vs. $303.4 million as expected by analysts, according to Refinitiv.

MongoDB’s revenue rose 47% year-over-year in the quarter that ended on Oct. 31, according to a statement. Its net loss widened to $84.8 million, compared with a net loss of $81.3 million in the year-ago quarter.

The company said it had 39,100 customers at the end of the quarter, better than the 38,900 average estimate among analysts polled by StreetAccount. MongoDB’s cloud database…

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