8x8 Q2 Adj $0.14 Beats $0.08 Estimate, Sales $185.00M Beat $183.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
8x8 (NASDAQ:EGHT) reported Q2 earnings of $0.14 per share, beating the analyst consensus estimate of $0.08 by 75%. This is a 180% increase from the same period last year. The company also reported quarterly sales of $185.00 million, beating the analyst consensus estimate of $183.67 million by 0.72%, but this is a 1.28% decrease from the same period last year.
November 01, 2023 | 9:19 pm
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NEUTRAL IMPACT
8x8's Q2 earnings and sales beat estimates, but sales decreased compared to the same period last year. This mixed result may lead to uncertain market reactions.
8x8's earnings beat estimates and increased significantly year over year, which is positive for the stock. However, the decrease in sales compared to the same period last year may concern investors, potentially offsetting the positive earnings news.
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IMPORTANCE 80
RELEVANCE 100