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8x8, Inc. (EGHT) Misses Q4 EPS by 3c, Slight Miss on Revenues; Offers FY19 Revenue Mid-Point Outlok Above Consensus

May 24, 2018 4:09 PM

8x8, Inc. (NASDAQ: EGHT) reported Q4 EPS of ($0.03), $0.03 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $75.3 million versus the consensus estimate of $76.84 million.

Fourth Quarter Fiscal 2018 Financial Results:

“The fourth quarter was a strong finish to a transformational year at 8x8. Our solid performance reflects successful execution against our strategic initiatives and is validation of the investments we continue to make to accelerate service revenue growth,” said Vik Verma, Chief Executive Officer at 8x8, Inc.

Full Year Fiscal 2019 Financial Outlook under ASC 606:

First Fiscal Quarter 2019 Financial Outlook:

GUIDANCE:

8x8, Inc. sees FY2019 revenue of $347-352 million, versus the consensus of $348.53 million.

For earnings history and earnings-related data on 8x8, Inc. (EGHT) click here.

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