MongoDB (NASDAQ:MDB) shares were trading more than 9% lower intra-day today after the company delivered a decent quarter but a soft 2024 revenue outlook.
Q4 EPS came in at $0.57, better than the Street estimate of $0.07. Revenue was $361.3 million, beating the Street estimate of $339.31 million.
The company expects Q1/24 EPS to be in the range of $0.17-$0.20, compared to the Street estimate of $0.14. Revenue is seen at $344-348 million, compared to the Street estimate of $355.9 million.
For the full year, the company expects EPS in the range of $0.96-$1.10, compared to the Street estimate of $0.61. Revenue is expected to be in the range of $1.48-1.51 billion, worse than the Street estimate of $1.58 billion.