SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Grid Dynamics Holdings, Inc. (GDYN) on Thursday reported a loss of $3.9 million in its first quarter.
On a per-share basis, the San Ramon, California-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, were 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The company posted revenue of $79.8 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $77.5 million.
For the current quarter ending in June, Grid Dynamics said it expects revenue in the range of $80 million to $82 million.
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