Grid Dynamics: Q1 Earnings Snapshot

SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Grid Dynamics Holdings, Inc. (GDYN) on Thursday reported a loss of $8 million in its first quarter.

The San Ramon, California-based company said it had a loss of 11 cents per share. Earnings, adjusted for non-recurring costs, were 8 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.

The company posted revenue of $80.1 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $79.4 million.

For the current quarter ending in June, Grid Dynamics said it expects revenue in the range of $76 million to $78 million.

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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