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Cfo Departure

All articles tagged with #cfo departure

business1 year ago•3 min saved

MongoDB's Strong Earnings Overshadowed by Competitive Concerns

MongoDB reported strong fiscal third-quarter earnings, with adjusted earnings of $1.16 per share on $529.4 million in revenue, surpassing analyst expectations. Despite this, the stock fell over 7% due to a recent rally and the announcement of CFO Michael Gordon's departure. Analysts noted the revenue beat was driven by Enterprise Advanced deals rather than the Atlas cloud offering. MongoDB's stock had recently surged following positive industry trends, but the CFO transition and revenue composition raised investor concerns.

via Investor's Business Daily|

#business #cfo-departure #earnings

finance1 year ago•2 min saved

"Bloom Energy's Stock Plunge: Q4 Results, CFO Departure, and Gloomy Outlook"

Bloom Energy's stock plunged by 19.2% after reporting a nearly 23% drop in revenue for the fourth quarter and the unexpected departure of its president and CFO, Greg Cameron. The company attributed the revenue decline to challenges in its Korean business and stated that it had to "hit a pause" in sales to Korea to adapt to new government policies. Despite swinging to a profit in the fourth quarter, investors are concerned about the sales hit and are giving up on the renewable energy company for now.

via Yahoo Finance|

#bloom-energy #cfo-departure #finance

business2 years ago•0 min saved

Lucid's Stock Takes Hit as CFO Departs

Lucid Group Inc.'s stock dropped 4% after the electric vehicle (EV) maker announced the resignation of its Chief Financial Officer, Sherry House, who will be leaving to pursue other opportunities. The company named Gagan Dhingra as interim CFO while they search for a replacement.

via MarketWatch|

#business #cfo-departure #ev-maker