Why BigCommerce Stock Is Soaring Today
Shares of e-commerce platform provider BigCommerce Holdings (NASDAQ: BIGC) were higher by more than 29% as of mid-session Friday following Thursday's release of strong third-quarter numbers.
For the three-month span ending in September, e-commerce support outfit BigCommerce lost $21.3 million on revenue of $59.3 million. Results were better on an adjusted/operating basis, with a more modest loss of $3.8 million, or a loss of $0.06 per share.
The prods for the stock's strength are clear. The top line was up 49% year over year, while the operating loss of $7.2 million ($0.16 per share) from the year-ago quarter was essentially cut in half. Better still, both sales and earnings topped estimates for $54.8 million and an operating loss of $0.14 per share.
Source Fool.com
