Shares of ChannelAdvisor (ECOM -0.9%) are rallying after having tumbled as much as 14% earlier in the day following Q3 results.
Although ECOM beat expectations in Q3, Q4 guidance for revenue of $19.6M-$20M (consensus of $19.7M) and EPS of -$0.31 to -$0.27 (-$0.23) was not initially well received by investors.
The company also filed a registration for a 5M share follow-on, with 1M shares to be sold by the company and 4M by shareholders. (S-1)
PR, conference call