Why MongoDB Stock Jumped on Friday

Shares of hypermodern database specialist MongoDB (NASDAQ: MDB) soared as much as 16.1% higher on Friday morning, boosted by a fantastic first-quarter earnings report.

MongoDB's first-quarter sales rose 39% year over year to $182 million, comfortably ahead of Wall Street's consensus estimate of $170 million. On the bottom line, a net loss of $0.15 per share was less than half of the $0.36 loss per share that your average analyst was expecting. The company also set up optimistic guidance targets for the full fiscal year.

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Source Fool.com