05:19 AM EST, 12/10/2024 (MT Newswires) -- (Updates with the stock move in the last paragraph.)

MongoDB ( MDB ) reported Q3 non-GAAP earnings late Monday of $1.16 per diluted share, up from $0.96 a year earlier.

Analysts polled by FactSet expected $0.68.

Revenue for the quarter ended Oct. 31 was $529.4 million, up from $432.9 million a year earlier.

Analysts surveyed by FactSet expected $497.2 million.

The company expects Q4 non-GAAP EPS of $0.62 to $0.65 and revenue between $515 million and $519 million. Analysts polled by FactSet expect $0.56 and $507.8 million, respectively.

The company expects fiscal 2025 non-GAAP EPS between $3.01 and $3.03 and revenue between $1.97 billion and $1.98 billion. The company previously expected non-GAAP EPS of $2.33 to $2.47 and revenue of $1.92 billion to $1.93 billion. Analysts surveyed by FactSet expect non-GAAP EPS of $2.43 and revenue of $1.94 billion.

MongoDB ( MDB ) also said Chief Operating Officer and Chief Financial Officer Michael Gordon will be stepping down on Jan. 31, 2025. The company said it has launched a search process for a new CFO, and Serge Tanjga, senior vice president of finance, will be interim CFO starting Feb. 1 if a permanent successor hasn't been named by then.

Shares of the company were down more than 3% in recent premarket activity Tuesday, giving up a gain of 8.5% in after-hours activity on Monday.

Price: 336.50, Change: -13.63, Percent Change: -3.89