Select a category
![](https://www.investopedia.com/thmb/qjQyirvHeFR9gFfe5uP_2tjfxvU=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-598748844-d64c56e2bcaa46738e46b577548f9763.jpg)
MongoDB (MDB) shares rocketed higher after the bell Thursday after the company raised its full-year guidance alongside second-quarter results that topped expectations.
The database software company now expects 2024 revenue of $1.925 billion at the midpoint of its range, up from $1.89 billion a quarter earlier. MongoDB also raised its earnings per share (EPS) estimate to a midpoint of $2.40, up from $2.22.
Second-quarter revenue rose 13% to $478.1 million, driven by 27% growth in sales of its MongoDB Atlas multi-cloud developer data platform. The company posed a net loss of $54.5 million, or 74 cents per share, compared to $37.6 million, 53 cents per share, a year earlier. Both revenue and earnings beat the Visible Alpha analyst consensus.
MongoDB is aiming to capitalize on demand for artificial intelligence (AI) software across a wide breadth of sectors. "We believe we are incredibly well positioned to help customers incorporate generative AI into their business and modernize their legacy application estate," CEO Dev Ittycheria said.
MongoDB shares jump[ed about 14% in aftermarket trading after rising in the regular session. They remain down substantially this year, thanks in part to disappointing results last quarter.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
![](https://i0.wp.com/instablog9ja.com/wp-content/uploads/2024/08/IMG_4558.jpeg?fit=1038%2C543&ssl=1)
A lady has said “Na una know where una dey meet this rich men,” as she shared how her boyfriend who isn’t a billionaire took care of her needs.
The lady share the conversation between her and her boyfriend, who is not a billionaire but has being supporting her with what he has.
![](https://i0.wp.com/instablog9ja.com/wp-content/uploads/2024/08/IMG_4546.jpeg?fit=1038%2C543&ssl=1)
A yet-to-be identified couple “getting busy” in their car nearly ended in tragedy after their SUV rolled into a Philadelphia river in the middle of the night while they were in the backseat, New York Post reports.
Police told NBC10 that the lovebirds were having ‘prayers’ in a 2020 Range Rover near the Schuylkill River in Fairmount Park around 4:15 a.m. Wednesday when one of their limbs bumped into the SUV’s gear stick. Both the man and woman were unharmed in the incident, according to WCAU. The same could not be said for the waterlogged Range Rover.
Moments later, the Range Rover tumbled over the edge and sank into the water, about two miles from Philadelphia City Hall. The couple were considered lucky to have escaped safely from the sticky situation.
![](artpic/788IMG-20240830-WA0011.jpg)
![](https://9jacelebrity.com.ng/wp-content/uploads/2024/08/IMG-20240830-WA0011.jpg)
Edo PDP Chairman Admits Failure to Deliver Promised Road, Leaves Edo People Frustrated
![](https://i0.wp.com/instablog9ja.com/wp-content/uploads/2024/08/IMG_4529.jpeg?fit=1038%2C543&ssl=1)
TG Omori has told Nigerians that he is healing now from the stitches of the fail£d one, and that he will continue the f+ght following a fail£d kidney transplant surgery.
He said he is up and grateful o lord. Thank you all for the prayers and well wishes, he is healing now from the stitches of the f@iled one, he will continue the fight, been on it for past a year or two and he can’t back down now. Love y’all so much. Can’t wait to make New crowded music videos for y’all.
![](https://www.investopedia.com/thmb/h6lInuzAIv_-IU_9E_lbJ4G6NYk=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/INV_GEVernovaBellRingingatNYSE_GettyImages-2126120824-18d1043be0a84c60b12570fe4134b4d3.jpg)
GE Vernova (GEV) shares jumped Thursday to their all-time high after William Blair analyst Jed Dorsheimer initiated coverage of the power-generation equipment and services company with an "outperform" rating, citing the demand for energy to run artificial intelligence (AI) products.
Dorsheimer wrote in a note to clients Thursday that “the reality behind AI” is that natural gas and gas turbine power are “underappreciated.”
He added that renewable energy sources aren’t capable of producing the electricity needed to supply the grid for this burgeoning demand, and that natural gas is the “pragmatic” answer. He said his firm believes GE Vernova “is best positioned to benefit as the energy sector reverts back to pragmatism and quietly walks back from the 100% green idealism.”
Dorsheimer said that the natural gas turbines currently in use are aging, and because of the call for more electricity, power plants are running harder and past scheduled retirement. He argued that that fact benefits GE Vernova, whose service contracts for the machines act as recurring revenue.
Dorsheimer said in the research report that using two ways to analyze the valuation, GE Vernova’s share price should be $216.
Shares of GE Vernova, which was created in April when the old General Electric divided into three separate companies, gained 4% on Thursday to close at $191.36, after moving as high as $195.68 during the session.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
![Loading...](Images/perfect.gif)