8x8: Fiscal Q3 Earnings Snapshot

Associated Press Finance
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CAMPBELL, Calif. (AP) — CAMPBELL, Calif. (AP) — 8x8 Inc. (EGHT) on Wednesday reported a loss of $21.2 million in its fiscal third quarter.

The Campbell, California-based company said it had a loss of 17 cents per share. Earnings, adjusted for stock option expense and asset impairment costs, came to 12 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The telecommunications services company posted revenue of $181 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $183.4 million.

For the current quarter ending in March, 8x8 said it expects revenue in the range of $176 million to $181 million.

The company expects full-year revenue in the range of $725.3 million to $730.3 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

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