Lightspeed Commerce Inc. (LSPD) saw its shares plummet 5.35% during intraday trading on Thursday, marking a sharp reversal from earlier gains.
The movement followed the company's release of its third-quarter fiscal 2026 financial results, which showed adjusted earnings per share of $0.15, beating analyst estimates of $0.14. Revenue for the quarter reached $312.3 million, also exceeding expectations. However, the company reported a GAAP net loss of $33.6 million, wider than the $26.6 million loss from the same period last year.
While Lightspeed raised its full-year revenue outlook to approximately $1.22 billion, its guidance for the fourth quarter of $280 million to $284 million was seen by some investors as potentially light relative to consensus estimates. The earnings report also highlighted improved gross profit margins and positive cash flow from operations.