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Grid Dynamics: 3Q Earnings Snapshot

·1 min read

SAN RAMON, Calif. (AP) _ Grid Dynamics Holdings, Inc. (GDYN) on Thursday reported a third-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Ramon, California-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs, were 5 cents per share.

The company posted revenue of $26.3 million in the period.

For the current quarter ending in December, Grid Dynamics said it expects revenue in the range of $27.7 million to $28.7 million.

Grid Dynamics shares have decreased 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.16, a drop of 20% 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 GDYN at https://www.zacks.com/ap/GDYN