8x8 Q1 Profit Rises

8x8 Inc. (EGHT) Is Losing Ground After Q4 Miss

8x8 To Present At ROTH Conference ; Webcast At 1:00 PM ET

8x8 To Present At Sidoti & Company Conference ; Webcast At 10:00 AM ET

Trade EGHT now with

7/18/2012 6:42 PM ET

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.

Click here to receive FREE breaking news email alerts for 8X8 INC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 164 Articles

Editors Pick

Fed Concerns Contribute To Lackluster Session On Wall Street - U.S. Commentary

There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses.

Stocks Come Under Pressure Amid Worries About The Fed - U.S. Commentary

Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session.

U.S. Durable Goods Orders Rise 3.3% In April, More Than Expected

After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.