Brightcove Inc: Up on Q3 revenue beat

Brightcove

22/10/2020 11:33

** Cloud-based services provider's shares  BCOV.O  up 9.79%
at $13.68 premarket
    ** Co on Wednesday after market close said Q3 revenue rose
3.5% to $49.1 mln, beating analysts' estimates of $46.30 mln,
according to Refinitiv IBES data
    ** Q3 net income was $1.3 mln, or $0.03/share, compared with
a net loss of $3.0 mln, or a loss of $0.08/share, a year earlier
 urn:newsml:reuters.com:*:nBwl0dh7a
    ** Co reported strongest on record sales performance,
benefiting from increasing use of video for connecting and
communicating 
    ** It forecast Q4 revenue to be in the range of $49.5 mln to
$50.5 mln
    ** Stocks up 43.38% YTD

 (Reporting by Madhvi Pokhriyal in Bengaluru)
 ((Madhvi.pokhriyal@thomsonreuters.com))