U.S. Stock Movement | Q2 Earnings Exceed Expectations, MongoDB Soars Over 30%

On Wednesday, MongoDB opened with a surge of over 30%, reaching a six-month high of $277.75. In terms of news, the company reported on Tuesday evening an adjusted earnings per share of $1.00 for the second quarter of fiscal year 2026, up from $0.70 in the same period last year, while analysts surveyed by FactSet had expected earnings of $0.67 per share. Revenue for the quarter ending July 31 was $591.4 million, an increase from $478.1 million in the same period last year, with analysts expecting revenue of $553.9 million. The company raised its adjusted earnings per share guidance for fiscal year 2026 to $3.64 to $3.73, up from the previous range of $2.94 to $3.12, while analysts had expected $3.17. It also raised its full-year revenue guidance from the previous range of $2.25 billion to $2.29 billion to $2.34 billion to $2.36 billion, with analysts expecting $2.29 billion