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MongoDB (NASDAQ:MDB) Surprises With Strong Q3 CY2025, Stock Soars
Database platform company MongoDB (NASDAQ:MDB) reported Q3 CY2025 results beating Wall Street’s revenue expectations, with sales up 18.7% year on year to $628.3 million. On top of that, next quarter’s revenue guidance ($667.5 million at the midpoint) was surprisingly good and 6.5% above what analysts were expecting. Its non-GAAP profit of $1.32 per share was 66.2% above analysts’ consensus estimates.
Vestis (NYSE:VSTS) Exceeds Q3 CY2025 Expectations But Stock Drops
Uniform rental provider Vestis Corporation (NYSE:VSTS) announced better-than-expected revenue in Q3 CY2025, with sales up 4.1% year on year to $712 million. Its GAAP loss of $0.10 per share was significantly below analysts’ consensus estimates.
Why DraftKings (DKNG) Stock Is Trading Up Today
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) jumped 3.1% in the afternoon session after the company received mixed reviews from analysts, with one firm reiterating a "Buy" rating while another cut its price target. Benchmark restated its "Buy" rating and a $37 price target, and pointed to the company's strong performance in the growing New York sports betting market. The research firm also noted DraftKings' expansion into Missouri. In contrast, BNP Paribas maintained its neutral stance but lowered its price target on the stock to $30 from $40.