MongoDB shares drop 14% premarket after Q2 results beat
MongoDB fell 14.25% premarket after second-quarter results. Revenue rose to $771.8 million versus $735.01 million consensus, and non-GAAP earnings were $1.90 vs $1.62 expected.
MongoDB NASDAQ:MDB fell 14.25% premarket after second quarter results that beat on both lines.
Revenue rose 30% to $771.8 million against the $735.01million consensus, and non-GAAP earnings came in at $1.90 a share versus $1.62 expected.
Non-GAAP operating margin widened to 24% from 15% a year earl…