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MongoDB shares jump more than 20% after database company beats expectations and raises guidance

MongoDB shares jump more than 20% after database company beats expectations and raises guidance

Dev Ittycheria, CEO, MongoDB.

Scott Mlyn | CNBC

Shares of MongoDB rose as much as 22% in extended trading Thursday after the database software maker issued

and lifted its full-year guidance.

Earnings: 56 cents per share, adjusted, vs. 19 cents per share as expected by analysts, according to Refinitiv.

Revenue: $368 million, vs. $347 million as expected by analysts, according to Refinitiv.

MongoDB’s revenue…

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U.S. basketball player Michael Jordan (2nd R) flashes a victory sign as he stands with team mates Larry Bird (L), Scottie Pippen and Clyde Drexler (R), nicknamed the "Dream Team" after winning the Olympic gold in Barcelona, Spain on August 8, 1992.   REUTERS/Ray Stubblebine/File Photo

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