Grid Dynamics: Q2 Earnings Snapshot

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SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Grid Dynamics Holdings, Inc. (GDYN) on Thursday reported a loss of $817,000 in its second quarter.

On a per-share basis, the San Ramon, California-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The company posted revenue of $83 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $81 million.

For the current quarter ending in September, Grid Dynamics said it expects revenue in the range of $84 million to $86 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