AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — BigCommerce Holdings, Inc. (BIGC) on Thursday reported a loss of $3.2 million in its fourth quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 4 cents. Earnings, adjusted for stock option expense and amortization costs, came to 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The company posted revenue of $84.1 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $81.2 million.
For the year, the company reported that its loss narrowed to $64.7 million, or 86 cents per share. Revenue was reported as $309.4 million.
For the current quarter ending in March, BigCommerce said it expects revenue in the range of $76 million to $78 million.
The company expects full-year revenue in the range of $327.1 million to $335.1 million.
BigCommerce shares have fallen 15% since the beginning of the year. The stock has fallen 23% 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