CAMPBELL, Calif. (AP) — CAMPBELL, Calif. (AP) — 8×8 Inc. (EGHT) on Monday reported a loss of $5.4 million in its fiscal fourth quarter.
On a per-share basis, the Campbell, California-based company said it had a loss of 4 cents. Earnings, adjusted for stock option expense and severance costs, were 8 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.
The telecommunications services company posted revenue of $177 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $178 million.
For the year, the company reported a loss of $27.2 million, or 21 cents per share. Revenue was reported as $715.1 million.
For the current quarter ending in June, 8×8 expects its per-share earnings to range from 7 cents to 9 cents.
The company said it expects revenue in the range of $175 million to $182 million for the fiscal first quarter.
8×8 expects full-year earnings in the range of 34 cents to 37 cents per share, with revenue ranging from $702 million to $724 million.
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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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