BigCommerce Holdings Q3 Adj EPS $0.01 Beats $(0.03) Estimate, Sales $78.05M Miss $78.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
BigCommerce Holdings (NASDAQ:BIGC) reported Q3 adjusted earnings of $0.01 per share, beating the analyst consensus estimate of $(0.03) by 133.33%. However, the company's quarterly sales of $78.05 million missed the analyst consensus estimate of $78.15 million by 0.13%. This represents a 7.81% increase over sales from the same period last year.
November 08, 2023 | 11:06 am
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NEUTRAL IMPACT
BigCommerce's Q3 earnings beat estimates but sales missed, indicating mixed performance.
BigCommerce's earnings beat could boost investor confidence, potentially driving the stock price up. However, the sales miss could offset this positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100