LONDON (AP) _ VTEX (VTEX) on Thursday reported a loss of $11.5 million in its third quarter.
The London-based company said it had a loss of 6 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The company that helps retailers build e-commerce businesses posted revenue of $38.8 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $37.6 million.
VTEX expects full-year revenue in the range of $158 million to $160 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VTEX at https://www.zacks.com/ap/VTEX
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News