BigCommerce: Q1 Earnings Snapshot
Posted May 11, 2021 4:29 pm.
Last Updated May 11, 2021 4:38 pm.
AUSTIN, Texas (AP) _ BigCommerce Holdings, Inc. (BIGC) on Tuesday reported a loss of $8.5 million in its first quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 12 cents. Losses, adjusted for stock option expense, came to 4 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The company posted revenue of $46.7 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $42.2 million.
For the current quarter ending in July, BigCommerce said it expects revenue in the range of $46.4 million to $46.9 million.
The company expects full-year revenue in the range of $196.7 million to $198.2 million.
BigCommerce shares have dropped 28% since the beginning of the year.
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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
The Associated Press
