8x8, Inc. (EGHT) Tops Q4 EPS by 2c, Offers Q1 Guidance

8x8, Inc. (NYSE: EGHT) reported Q4 EPS of ($0.12), $0.02 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $121.5 million versus the consensus estimate of $119.33 million.

GUIDANCE:

8x8, Inc. sees Q1 2021 revenue of $120-121 million, versus the consensus of $121 million.

• Service Revenue in the range of $112.5 million to $113.5 million, representing approximately 25% to 26% year-over-year growth.
• Non-GAAP Pre-tax Loss of approximately $12.0 million.

The Company is providing guidance for the first quarter of fiscal 2021 ending June 30, 2020. With the uncertainty surrounding the ongoing impact of COVID-19, the Company is not providing full-year fiscal 2021 guidance.

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

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