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Why MongoDB Stock Pulled Back Today

Jon Quast, The Motley Fool
·2 min read
Why MongoDB Stock Pulled Back Today

Shares of database software company MongoDB (NASDAQ: MDB) pulled back on Thursday after the company reported financial results for the fourth quarter of its fiscal 2023. It appears investors are more concerned with forward guidance than completed financial results, leading to an 8% drop for MongoDB stock today, as of 12:45 p.m. ET. Last quarter, MongoDB's management said to expect Q4 revenue of $334 million to $337 million and to expect adjusted income from operations of $6 million to $8 million.

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