SUNNYVALE, Calif. (AP) _ Ooma Inc. (OOMA) on Thursday reported a loss of $6.8 million in its fiscal third quarter.
On a per-share basis, the Sunnyvale, California-based company said it had a loss of 32 cents. Earnings, adjusted for stock option expense and restructuring costs, came to 1 cent per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The internet phone service provider posted revenue of $39.6 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $38.2 million.
Ooma expects full-year results to range from a loss of 8 cents per share to a loss of 6 cents per share.
Ooma shares have decreased 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.16, a fall of 19% in the last 12 months.