AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — BigCommerce Holdings, Inc. (BIGC) on Wednesday reported a loss of $20.3 million in its third quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 27 cents. Earnings, adjusted for stock option expense and restructuring costs, were 1 cent per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The company posted revenue of $78 million in the period, falling short of Street forecasts. Ten analysts surveyed by Zacks expected $78.1 million.
For the current quarter ending in December, BigCommerce said it expects revenue in the range of $79.8 million to $83.8 million.
The company expects full-year revenue in the range of $305 million to $309 million.
BigCommerce shares have risen 15% since the beginning of the year. The stock has risen 16% 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