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Ooma: Fiscal 3Q Earnings Snapshot

·1 min read

SUNNYVALE, Calif. (AP) _ Ooma Inc. (OOMA) on Thursday reported a loss of $413,000 in its fiscal third quarter.

On a per-share basis, the Sunnyvale, California-based company said it had a loss of 2 cents. Earnings, adjusted for stock option expense and amortization costs, were 13 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The internet phone service provider posted revenue of $43 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $41.2 million.

For the current quarter ending in January, Ooma expects its per-share earnings to range from 8 cents to 11 cents.

The company said it expects revenue in the range of $43 million to $43.8 million for the fiscal fourth quarter.

Ooma expects full-year earnings in the range of 45 cents to 47 cents per share, with revenue ranging from $167.7 million to $168.5 million.

Ooma shares have increased 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.99, a rise of 31% in the last 12 months.

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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 OOMA at https://www.zacks.com/ap/OOMA