MongoDB's stock slips on in-line results

MongoDB Inc. shares declined in the extended session Wednesday after the database company's quarterly results and outlook were mostly in line with Wall Street estimates. MongoDB shares fell 3.4% after hours, following a 4.1% surge in the regular session to close at $51.26. The company reported a fiscal first-quarter loss of $29.2 million, or 58 cents a share, compared with a loss of $19.7 million, or $1.50 a share, in the year-ago period. The adjusted loss was 43 cents a share. Revenue rose to $48.2 million from $32.4 million in the year-ago period. Analysts surveyed by FactSet had estimated a loss of 43 cents a share on revenue of $46.5 million. For the second quarter, MongoDB estimates an adjusted loss of 46 cents to 45 cents a share on revenue of $51 million to $52 million. Analysts expect a loss of 46 cents a share on revenue of $50.1 million.