MongoDB: Fiscal Q2 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — MongoDB Inc. (MDB) on Tuesday reported fiscal second-quarter net income of $40.9 million.

On a per-share basis, the New York-based company said it had profit of 50 cents. Earnings, adjusted for one-time gains and costs, came to $1.90 per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.

The database platform posted revenue of $771.8 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $733.6 million.

For the current quarter ending in October, MongoDB expects its per-share earnings to range from $1.57 to $1.61.

The company said it expects revenue in the range of $756 million to $761 million for the fiscal third quarter.

MongoDB expects full-year earnings in the range of $6.39 to $6.58 per share, with revenue ranging from $2.99 billion to $3.03 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MDB at https://www.zacks.com/ap/MDB