AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — BigCommerce Holdings, Inc. (BIGC) on Thursday reported a loss of $8.4 million in its second quarter.
The Austin, Texas-based company said it had a loss of 10 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 4 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The company posted revenue of $84.4 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $83.1 million.
For the current quarter ending in September, BigCommerce said it expects revenue in the range of $85 million to $87 million.
The company expects full-year revenue in the range of $339.6 million to $346.6 million.
The company’s shares closed at $4.78. A year ago, they were trading at $8.14.
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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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