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

8x8

08/08/2023 23:26

* 8x8 Inc  EGHT.OQ  reported quarterly adjusted earnings of
13
cents​​ per share for the quarter ended in June. The mean
expectation of thirteen analysts for the quarter was
for earnings of 13 cents per share.
    * Revenue fell 2.3% to $183.29 million from a year ago;
analysts
expected $187.09 million. 
    * 8x8 Inc's reported EPS for the quarter was a loss of 13
cents​.
    * The mean earnings estimate of analysts had risen by
about 17.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * 8x8 Inc shares had risen by 9.9% this quarter and
gained 7.6% so
far this year.
    * The company reported a quarterly loss of $15.33 million.
    * Wall Street's median 12-month price target for 8x8 Inc is
$5.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:25 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.13           0.13           Met
 Mar. 31 2023      0.09           0.11           Beat
 Dec. 31 2022      0.03           0.07           Beat
 Sep. 30 2022      0.04           0.05           Beat