CAMPBELL, Calif. (AP) — CAMPBELL, Calif. (AP) — 8×8 Inc. (EGHT) on Tuesday reported a loss of $4.3 million in its fiscal first quarter.
On a per-share basis, the Campbell, California-based company said it had a loss of 3 cents. Earnings, adjusted for stock option expense and severance costs, came to 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 $181.4 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $177.2 million.
For the current quarter ending in September, 8×8 expects its per-share earnings to range from 6 cents to 8 cents.
The company said it expects revenue in the range of $175 million to $180 million for the fiscal second quarter.
8×8 expects full-year earnings in the range of 28 cents to 33 cents per share, with revenue ranging from $706 million to $720 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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