PALO ALTO, Calif. (AP) _ Ooma Inc. (OOMA) on Tuesday reported a loss of $2.8 million in its fiscal fourth quarter.
On a per-share basis, the Palo Alto, California-based company said it had a loss of 16 cents. Losses, adjusted for stock option expense and amortization costs, were 1 cent per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The internet phone service provider posted revenue of $27.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $27.2 million.
For the year, the company reported that its loss narrowed to $12.9 million, or 74 cents per share. Revenue was reported as $104.5 million.
For the current quarter ending in May, Ooma expects its results to range from a loss of 4 cents per share to a loss of 2 cents per share.
The company said it expects revenue in the range of $27.8 million to $28.4 million for the fiscal first quarter.
Ooma expects full-year results to range from a loss of 13 cents per share to a loss of 8 cents per share, with revenue ranging from $121 million to $124 million.
Ooma shares have risen slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.40, a climb of 41 percent 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
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