Bazaarvoice Q1 Loss Narrows

(RTTNews) - Bazaarvoice Inc (BV), a social commerce solutions provider, Wednesday reported a smaller loss for the first quarter, helped by double-digit growth in revenues and lower operating costs.

Austin, Texas-based Bazaarvoice reported first-quarter net loss of $11.6 million or $0.15 per share, narrower than last year's loss of $17.4 million or $0.23 per share.

Adjusted loss for the quarter widened to $6.7 million or $0.09 per share from $5.7 million or $0.08 per share last year.

Bazaarvoice's revenues rose to $46.0 million from $40.3 million last year.

Analysts polled by Thomson Reuters expected a loss of $0.11 per share and revenues of $43.97 million for the quarter. Analysts' estimates typically exclude special items.

Total operating expenses for the quarter dropped to $39.4 million from $46.2 million last year.

Bazaarvoice offers its solutions through Bazaarvoice conversations platform, a software as a service platform that enable clients to capture, display, and analyze online word of mouth, including ratings and reviews, videos and other forms of consumer-generated content.

The company's number of active clients at the end of the first quarter was 1,197 and the number of network clients was over 1,800.

BV closed Wednesday's trading at $7.50, down $0.05 or 0.66%, on the NYSE. The stock, however, gained $0.25 or 3.33% in after-hours trade.