SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Grid Dynamics Holdings, Inc. (GDYN) on Thursday reported third-quarter net income of $6.2 million.
The San Ramon, California-based company said it had net income of 8 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to 18 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The company posted revenue of $114.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $112.4 million.
For the current quarter ending in December, Grid Dynamics said it expects revenue in the range of $113.5 million to $115.5 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
