News

8×8 Inc., a telecommunications services company based in Campbell, California, has reported a loss of .3 million in its fiscal first quarter. This translates to a loss of 13 cents per share. However, after adjusting for stock option expense and non-recurring costs, earnings came to 13 cents per share.

Unfortunately, these results did not meet Wall Street expectations. Four analysts surveyed by Zacks Investment Research had estimated earnings to be 14 cents per share. Additionally, the company’s revenue for the period fell short of Street forecasts, coming in at 3.3 million. Three analysts expected the revenue to be 6.9 million.

Looking ahead, in the current quarter ending in September, 8×8 anticipates revenue to be in the range of 0 million to 6 million. Furthermore, the company projects full-year revenue to be between 2.5 million and 2.5 million.

It is important to note that this information was generated by Automated Insights using data from Zacks Investment Research. If you wish to access a Zacks stock report on 8×8 Inc., you can visit their website at zacks.com/ap/EGHT.

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