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CAMPBELL, Calif. (AP) — CAMPBELL, Calif. (AP) — 8x8 Inc. (EGHT) on Thursday reported a loss of $9.4 million in its fiscal fourth quarter.
On a per-share basis, the Campbell, California-based company said it had a loss of 8 cents. Earnings, adjusted for one-time gains and costs, were 11 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The telecommunications services company posted revenue of $184.5 million in the period.
For the year, the company reported a loss of $73.1 million, or 63 cents per share. Revenue was reported as $743.9 million.
For the current quarter ending in June, 8x8 said it expects revenue in the range of $186 million to $188 million.
The company expects full-year revenue in the range of $755 million to $763 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