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CAMPBELL, Calif. (AP) _ 8x8 Inc. (EGHT) on Wednesday reported a loss of $26 million in its fiscal third quarter.
On a per-share basis, the Campbell, California-based company said it had a loss of 23 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 7 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The telecommunications services company posted revenue of $184.4 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $187.2 million.
For the current quarter ending in March, 8x8 said it expects revenue in the range of $184 million to $187 million.
The company expects full-year revenue in the range of $743.4 million to $746.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a EGHT">Zacks stock report on EGHT at https://www.zacks.com/ap/EGHT