Bandwidth, Inc. (BAND) Tops Q2 EPS by 13c; Guides Above Views

Bandwidth, Inc. (NASDAQ: BAND) reported Q2 EPS of $0.13, $0.13 better than the analyst estimate of $0.00. Revenue for the quarter came in at $76.8 million versus the consensus estimate of $70.51 million.

"At Bandwidth, we're honored to contribute to keeping America connected — making sure that health care systems, governments, businesses, teachers and other essential services can stay connected with those in need. Our value proposition is strong, and we believe our relentless focus on customer success, and our investments in our platform and our people will continue to drive our growth," stated David Morken, chief executive officer of Bandwidth. "As a result of our commitment to our mission, customers and each other, we achieved our best revenue growth performance ever. We are raising our full year guidance to reflect that performance, as well as our expectations for the back-half of the year. We believe Bandwidth is well positioned as the industry standard for enterprise-grade cloud communications platforms, and that we\'ll continue to attract and serve large customers operating at scale."

GUIDANCE:

Bandwidth, Inc. sees Q3 2020 EPS of ($0.03)-($0.01), versus the consensus of ($0.02). Bandwidth, Inc. sees Q3 2020 revenue of $76-76.5 million, versus the consensus of $71.1 million.

Bandwidth, Inc. sees FY2020 EPS of $0.05-$0.11, versus the consensus of $0.02. Bandwidth, Inc. sees FY2020 revenue of $296.8-298.3 million, versus the consensus of $282.3 million.

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

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