8x8: Fiscal 3Q Earnings Snapshot

January 29, 2019

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EGHT at https://www.zacks.com/ap/EGHT

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