Ooma: Fiscal 3Q Earnings Snapshot
SUNNYVALE, Calif. (AP) _ Ooma Inc. (OOMA) on Tuesday reported a loss of $3.5 million in its fiscal third quarter.
The Sunnyvale, California-based company said it had a loss of 18 cents per share. Losses, adjusted for stock option expense and amortization costs, were 3 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The internet phone service provider posted revenue of $32.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $31.7 million.
For the current quarter ending in January, Ooma expects its results to range from a loss of 6 cents per share to a loss of 4 cents per share.
The company said it expects revenue in the range of $33 million to $33.5 million for the fiscal fourth quarter.
Ooma expects full-year results to range from a loss of 18 cents per share to a loss of 16 cents per share, with revenue ranging from $127.5 million to $128 million.
Ooma shares have increased 14 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.58, an increase of 36 percent in the last 12 months.