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Ooma: Fiscal 1Q Earnings Snapshot

SUNNYVALE, Calif. (AP) _ Ooma Inc. (OOMA) on Tuesday reported a loss of $4.7 million in its fiscal first quarter.

The Sunnyvale, California-based company said it had a loss of 23 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 4 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The internet phone service provider posted revenue of $31.1 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $33.6 million.

For the current quarter ending in August, Ooma expects its results to range from a loss of 7 cents per share to a loss of 5 cents per share.

The company said it expects revenue in the range of $35.5 million to $36 million for the fiscal second quarter.

Ooma expects full-year results to range from a loss of 24 cents per share to a loss of 19 cents per share, with revenue ranging from $145 million to $148 million.

Ooma shares have increased roughly 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.54, an increase of 15% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OOMA at https://www.zacks.com/ap/OOMA