Shares of modern general purpose database platform MongoDB, Inc. (MDB) are up more than 21% Monday morning after reporting better-than-expected second-quarter results.
Net loss was $77.1 million, or $1.22 per share in the second quarter compared with net loss of $64.5 million, or $1.10 per share in the same quarter a year ago.
Excluding items, loss was $15.2 million or $0.24 per share, that beat the average estimate of 16 analysts polled by Thomson Reuters for a loss of $0.39 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.