NEW YORK (TheStreet) -- Shares of Bazaarvoice Inc. (BV) are down by 8.49% to $5.71 in after-hours trading on Wednesday afternoon, despite reporting better than expected earnings results and in-line revenue for the fiscal 2015 fourth quarter.
For the most recent quarter the enterprise software company reported a non-GAAP net loss of 6 cents per share, compared to a loss of 11 cents per share for the 2014 fiscal fourth quarter.
Analysts were expecting a loss of 7 cents per share for the most recent quarter.
The company's quarterly revenue grew by 12% year-over-year to $48.3 million in-line with the $48.6 million analysts had forecast.
"For the fourth quarter, I am pleased that we delivered 12% revenue growth and for the first time since our IPO, positive operating cash flow. In addition, our international teams continued to improve their performance and we are seeing good momentum with our new product offerings," company CEO Gene Austin said in a statement.
Bazaarvoice operates by powering a network that connects brands and retailers to the "authentic voices" of people where they shop.
Separately, TheStreet Ratings team rates BAZAARVOICE INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate BAZAARVOICE INC (BV) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself."