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home / news releases / BIGC - BigCommerce stock falls after Amazon's surprise earnings misses

BIGC - BigCommerce stock falls after Amazon's surprise earnings misses

BigCommerce Holdings Inc.
BigCommerce (NASDAQ:BIGC) shares are down 5.8% after logistics partner Amazon reported earnings that missed revenue estimates for the quarter and guidance. Amazon reported $53.16B in online stores revenue, below the $56.71B consensus despite moving up the annual Prime Day event to fall within the quarter. Management warned that overall revenue growth would continue to step down in the coming quarters.  Earlier this month, BigCommerce announced a new integration with Amazon Multi-Channel Fulfillment to allow U.S. merchants to tap into Amazon's order fulfillment services whether or not the merchant sells on the Amazon platform.  Related: Amazon blowback: Department store stocks rally, while online retailers sell off

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BigCommerce stock falls after Amazon's surprise earnings misses
Stock Information
Company Name: BigCommerce Holdings Inc.
Stock Symbol: BIGC
Market: NASDAQ
Website: bigcommerce.com
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