8x8: Fiscal 3Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ 8x8 Inc. (EGHT) on Tuesday reported a loss of $23.8 million in its fiscal third quarter.
The San Jose, California-based company said it had a loss of 25 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 6 cents per share.
The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for a loss of 6 cents per share.
The telecommunications services company posted revenue of $89.9 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $88.6 million.
8x8 shares have climbed slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $19.37, an increase of 8 percent in the last 12 months.