What happened Shares of MongoDB (NASDAQ: MDB) popped as much as 8% today after the company reported third-quarter earnings. The database specialist delivered a classic beat-and-raise performance that impressed investors. As of 12:15 p.m. EST, the stock was up 4%. So what Revenue in the fiscal third quarter was $150.8 million, topping the $138.7 million in sales that analysts were modeling for. That resulted in an adjusted net loss of $18.2 million, or $0.31 per share. The consensus estimate had called for $0.44 per share in red ink. The technology company finished the quarter with $966.8 million in cash. Imager source: Getty Images. "MongoDB continued to perform at a high level in the third quarter, highlighted by revenue growth that was well ahead of our expectations," CEO Dev Ittycheria said in a statement. "The strength of our product platform and go-to-market execution has established MongoDB as a key strategic partner for any organization looking to innovate quickly to seize new opportunities or to respond to new threats." Now what MongoDB's guidance also came in strong, with fiscal Q4 revenue forecast in the range of $155 million to $157 million. Wall Street is looking for just $146.1 million in sales next quarter. That should translate into an adjusted net loss of $0.39 to $0.42 per share. The company also boosted its full-year outlook, with total revenue for fiscal 2021 expected to be $574.4 million to $576.4 million. MongoDB's previous guidance from September had called for full-year sales of $549 million to $554 million. 10 stocks we like better than MongoDBWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and MongoDB wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends MongoDB. The Motley Fool has a disclosure policy.Source