U.S. Markets open in 2 hrs 44 mins

Brightcove: 2Q Earnings Snapshot

BOSTON (AP) _ Brightcove Inc. (BCOV) on Wednesday reported a loss of $7.2 million in its second quarter.

The Boston-based company said it had a loss of 19 cents per share. Losses, adjusted for costs related to mergers and acquisitions and stock option expense, came to 4 cents per share.

The internet video streaming service company posted revenue of $47.6 million in the period.

For the current quarter ending in October, Brightcove expects its per-share earnings to range from 2 cents to 4 cents.

The company said it expects revenue in the range of $47 million to $47.5 million for the fiscal third quarter.

Brightcove expects full-year earnings in the range of 6 cents to 10 cents per share, with revenue ranging from $184 million to $186 million.

Brightcove shares have risen 66% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.70, an increase of 24% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCOV at https://www.zacks.com/ap/BCOV