8x8 Inc reports results for the quarter ended in December - Earnings Summary

8x8

01/02/2023 22:02

* 8x8 Inc  EGHT.OQ  reported quarterly adjusted earnings of
7
cents​​ per share for the quarter ended in December. The mean
expectation of fourteen analysts for the quarter was
for earnings of 3 cents per share.
    * Revenue rose 17.5% to $184.40 million from a year ago;
analysts
expected $186.20 million. 
    * 8x8 Inc's reported EPS for the quarter was a loss of 23
cents​.
    * The mean earnings estimate of analysts had fallen by
about 27.6%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * 8x8 Inc shares had risen by 9.0% this quarter.
    * The company reported a quarterly loss of $26.03 million.
    * Wall Street's median 12-month price target for 8x8 Inc is
$5.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
1 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.03           0.07           Beat
 Sep. 30 2022      0.04           0.05           Beat
 Jun. 30 2022      0.03           0.09           Beat
 Mar. 31 2022      0.00           0.05           Beat