Ooma: Fiscal 3Q Earnings Snapshot

November 27, 2018

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.


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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