MongoDB: Fiscal Q1 Earnings Snapshot

NEW YORK (AP) _ MongoDB Inc. (MDB) on Thursday reported a loss of $64 million in its fiscal first quarter.

On a per-share basis, the New York-based company said it had a loss of $1.04. Losses, adjusted for stock option expense and amortization costs, came to 15 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.

The database platform posted revenue of $181.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $169 million.

For the current quarter ending in August, MongoDB expects its results to range from a loss of 43 cents per share to a loss of 40 cents per share.

The company said it expects revenue in the range of $180 million to $183 million for the fiscal second quarter.

MongoDB expects full-year results to range from a loss of $1.38 per share to a loss of $1.25 per share, with revenue ranging from $771 million to $784 million.

MongoDB shares have fallen 24% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $271.15, a rise of 16% in the last 12 months.

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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