AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — BigCommerce Holdings, Inc. (BIGC) on Thursday reported a loss of $6.4 million in its first quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 8 cents. Earnings, adjusted for stock option expense and amortization costs, were 6 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The company posted revenue of $80.4 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $77.5 million.
For the current quarter ending in June, BigCommerce said it expects revenue in the range of $79.8 million to $81.8 million.
The company expects full-year revenue in the range of $329.7 million to $335.7 million.
BigCommerce shares have declined 31% since the beginning of the year. The stock has fallen 5.5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIGC at https://www.zacks.com/ap/BIGC
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