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Why BigCommerce Stock Fell Today

TheMotleyFool

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Shares of BigCommerce Holdings (NASDAQ: BIGC) tumbled today despite the company reporting fourth-quarter results yesterday that were ahead of Wall Street's expectations.

The tech stock fell by as much as 22.1% today and was down 6.7% as of 3:34 p.m. EST.

BigCommerce reported fourth-quarter sales of $43.1 million, a 39% increase from the year-ago quarter, which easily beat analysts' consensus revenue estimate of $38.6 million. Additionally, the company's adjusted loss of $0.12 per share outpaced Wall Street's estimate of a loss of $0.14 per share.

Source Fool.com

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