SAN RAMON, Calif. (AP) _ Grid Dynamics Holdings, Inc. (GDYN) on Thursday reported a loss of $1.5 million in its second quarter.

The San Ramon, California-based company said it had a loss of 3 cents per share. Earnings, adjusted for non-recurring costs, were 10 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The company posted revenue of $47.7 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $41.9 million.

For the current quarter ending in October, Grid Dynamics said it expects revenue in the range of $50 million to $51.5 million.

The company expects full-year revenue of $189 million.

Grid Dynamics shares have climbed 69% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $21.34, more than tripling in the last 12 months.

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

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