MongoDB shares sink after company issues weak guidance

MongoDB shares sank 16% in extended trading on Wednesday after the database software maker issued disappointing guidance. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.28 adjusted vs. 66 cents expected $1.28 adjusted vs. 66 cents expected Revenue: $548.4 million vs. $519.6 million expected Revenue increased about 20% from a year ago in the quarter that ended on Jan. 31, according to a statement. The company generated $15.8 million in net income, or 19 cents per share, which factors in stock-based compensation. In the same quarter a year ago, MongoDB had registered a net loss of $55.5 million, or 77 cents per share. MongoDB added 1,900 customers in the quarter, bringing the total to 54,500. But the company ended the quarter with about $360 million in deferred revenue, below the StreetAccount consensus of $370.4 million. MongoDB is seeing slower growth than it had hoped for in new applications using its Atlas cloud-based database service, Srdj ... Read full article.