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Why MongoDB Stock Exploded Higher on Tuesday

·2 min read
Why MongoDB Stock Exploded Higher on Tuesday
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Shares of MongoDB (NASDAQ: MDB) charged sharply higher Tuesday, surging as much as 22.4%. MongoDB delivered revenue of $226.9 million, up 50% year over year, calming investor fears that its growth might slow. To give those numbers context, analysts' consensus estimates were calling for revenue of $205.3 million and an adjusted loss per share of $0.38.