8x8, Inc. (EGHT: Quote) Wednesday reported first-quarter profit of $8.6 million or $0.12 per share, up from $1.9 million or $0.03 per share in the year-earlier quarter.
Adjusted earnings were $3.4 million or $0.05 per share, compared to $1.9 million or $0.03 per share last year.
On average, five analysts polled by Thomson Reuters expected the company to earn $0.03 per share for the quarter. Analysts' estimates typically exclude special items.
First-quarter revenues increased 36 percent to $25.3 million from $18.5 million last year. Analysts expected revenues of $24.92 million.
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by RTT Staff Writer
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