Bandwidth, Inc. (BAND) Tops Q1 EPS by 13c

Bandwidth, Inc. (NASDAQ: BAND) reported Q1 EPS of ($0.12), $0.13 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $53.3 million versus the consensus estimate of $51.35 million.

"We are very pleased with our strong first quarter results which provide a great start to 2019. Our go-to market investments are building momentum as we have made continued progress in attracting innovative customers who choose to build on the Bandwidth platform,'" stated David Morken, chief executive officer of Bandwidth. "Additionally, we recently introduced new A2P messaging and voice services demonstrating the ability of our expanded software development and engineering teams to continually improve our platform capabilities to serve the needs of enterprise customers."

GUIDANCE:

Bandwidth, Inc. sees Q2 2019 EPS of ($0.17)-($0.19), versus the consensus of ($0.16). Bandwidth, Inc. sees Q2 2019 revenue of $54.8-55.3 million, versus the consensus of $57.2 million.

Bandwidth, Inc. sees FY2019 EPS of ($0.44)-($0.51), versus the consensus of ($0.64). Bandwidth, Inc. sees FY2019 revenue of $233.5-235 million, versus the consensus of $232.6 million.

For earnings history and earnings-related data on Bandwidth, Inc. (BAND) click here.

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