8×8: Fiscal Q1 Earnings Snapshot
CAMPBELL, Calif. (AP) — CAMPBELL, Calif. (AP) — 8×8 Inc. (EGHT) on Wednesday reported a loss of $10.3 million in its fiscal first quarter.
On a per-share basis, the Campbell, California-based company said it had a loss of 8 cents. Earnings, adjusted for one-time gains and costs, were 8 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.
The telecommunications services company posted revenue of $178.1 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $178.8 million.
For the current quarter ending in September, 8×8 said it expects revenue in the range of $175 million to $181 million.
The company expects full-year revenue in the range of $710 million to $732 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EGHT at https://www.zacks.com/ap/EGHT