Ooma: Fiscal Q1 Earnings Snapshot

SUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Ooma Inc. (OOMA) on Tuesday reported a loss of $326,000 in its fiscal first quarter.

The Sunnyvale, California-based company said it had a loss of 1 cent per share. Earnings, adjusted for stock option expense and amortization costs, came to 16 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The internet phone service provider posted revenue of $56.9 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $56.5 million.

For the current quarter ending in July, Ooma expects its per-share earnings to range from 13 cents to 15 cents.

The company said it expects revenue in the range of $57.4 million to $57.9 million for the fiscal second quarter.

Ooma expects full-year earnings in the range of 55 cents to 63 cents per share, with revenue ranging from $235.5 million to $238.5 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 OOMA at https://www.zacks.com/ap/OOMA