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Why Brightcove Stock Is Plunging Today

TheMotleyFool

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Shares of Brightcove (NASDAQ: BCOV) were tumbling today after the company reported its first-quarter results. Despite both a revenue and an earnings beat, the tech stock had fallen by 19.3% as of 12:05 p.m. EDT.

Brightcove's revenue rose 18% in the quarter to $54.8 million. That figure beat analysts' consensus revenue estimate of $53.4 million for the quarter. The company's non-GAAP (adjusted) earnings per share of $0.15 also outpaced analysts' expectations of $0.10 per share for the quarter.

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Source Fool.com

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