Bandwidth, Inc. (BAND) Tops Q1 EPS by 15c; Guides Higher

Bandwidth, Inc. (NASDAQ: BAND) reported Q1 EPS of $0.04, $0.15 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $68.5 million versus the consensus estimate of $63.29 million.

"At Bandwidth we are incredibly humbled to support the world\'s rapid response to COVID-19. Our mission is to develop and deliver the power to communicate, and now more than ever, we are meeting the most critical communication needs of healthcare systems, governments, businesses, teachers and students. Our teams have worked around the clock to expand our owned-and-operated network and platform to meet unprecedented and essential demand for our services," stated David Morken, chief executive officer of Bandwidth. "We successfully met surging demand caused by work-from-home mandates during this crisis. A huge thank you to our teams who sacrificially delivered best-in-class service to our enterprise customers, including many responsible for providing critical care during this season."

GUIDANCE:

Bandwidth, Inc. sees Q2 2020 EPS of ($0.01)-$0.01, versus the consensus of ($0.08). Bandwidth, Inc. sees Q2 2020 revenue of $70.2-70.7 million, versus the consensus of $65.8 million.

Bandwidth, Inc. sees FY2020 EPS of ($0.03)-$0.03, versus the consensus of ($0.27). Bandwidth, Inc. sees FY2020 revenue of $281.6-283.1 million, versus the consensus of $270.77 million.

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

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