BigCommerce Holdings Inc. (BIGC) saw its shares plummet by 5.01% during intraday trading on Thursday, despite reporting better-than-expected fourth quarter earnings results.
The e-commerce software company reported a narrower loss of $2.4 million, or $0.03 per share, in the fourth quarter, surpassing analysts' estimates of $0.06 per share. Revenue for the quarter also beat expectations, coming in at $87 million versus the $86.8 million projected by analysts.
However, BigCommerce's guidance for the first quarter and full-year revenue appears to have disappointed investors. The company projected first-quarter revenue in the range of $81.2 million to $83.2 million, and full-year revenue between $342.1 million and $350.1 million. While these figures represent year-over-year growth, they may not have met the market's expectations, leading to the sell-off in the stock.
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