24H|MongoDB Soars 22%; Credo Technology Jumps 14%; The Metals Company, BMNR up 3%

Tiger Newspress
Yesterday

Rare earth stocks rose in overnight trading.

The Metals Company rose 3%; NioCorp rose 2%; USA Rare Earth, MP Materials rose 1%.

Crypto stocks jumped in overnight trading.

BMNR rose 3%; Bullish, Upexi up 2%; Circle, SBET up 1%.

MongoDB Inc. shares rose 22% in overnight trading after the company announced third-quarter earnings that topped Wall Street estimates and issued a strong forecast.

The database software maker reported a revenue of $628 million, which was up 19% year over year, blowing past the $592 million expected by LSEG analysts.

The company’s adjusted earnings per share of $1.32 also beat Wall Street’s projections of 80 cents per share.

Credo Technology Group Holding Ltd shares soared nearly 14% in overnight trading after the technology company posted fiscal second-quarter results and guidance that were well above Wall Street's forecast.

For the period ending Nov. 1, Credo said it earned an adjusted $0.67 per share as revenue surged a whopping 272% year-over-year to come in at $268.03M, aided by continued demand for artificial intelligence. Analysts expected the company to earn an adjusted $0.49 per share on $234.99M in revenue.

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