MongoDB shares fell sharply in late Tuesday trading even after the database software company posted fiscal second-quarter results above Wall Street expectations.
Adjusted earnings reached $1.90 a share on $771 million in sales for the quarter ended July 31, beating FactSet analyst forecasts of $1.62 a share and $735 million in revenue.
The selloff left investors looking past the headline beat, making the market reaction the central development from the earnings report.