Grid Dynamics: Q4 Earnings Snapshot

SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Grid Dynamics Holdings, Inc. (GDYN) on Thursday reported fourth-quarter net income of $2.9 million.

The San Ramon, California-based company said it had profit of 4 cents per share. Earnings, adjusted for non-recurring costs, came to 7 cents per share.

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

The company posted revenue of $78.1 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $76.4 million.

For the year, the company reported a loss of $1.8 million, or 2 cents per share. Revenue was reported as $312.9 million.

For the current quarter ending in March, Grid Dynamics said it expects revenue in the range of $77 million to $79 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