8x8 Q1 EPS $0.13, Inline, Sales $183.29M Miss $187.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
8x8 (NASDAQ:EGHT) reported Q1 earnings of $0.13 per share, in line with analyst consensus. This is a 44.44% increase from the same period last year. However, the company's quarterly sales of $183.29 million missed the analyst consensus estimate of $187.09 million by 2.03%, marking a 2.31% decrease from last year.
August 08, 2023 | 8:16 pm
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8x8's Q1 earnings met expectations, but sales missed estimates and decreased from last year.
8x8's earnings were in line with expectations, which is positive. However, the company's sales not only missed estimates, but also decreased compared to the same period last year. This could negatively impact the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100