8x8 Q4 2024 Adj EPS $0.08 Beats $0.06 Estimate, Sales $179.413M Beat $178.832M Estimate
Portfolio Pulse from Benzinga Newsdesk
8x8, Inc. (NASDAQ:EGHT) reported Q4 2024 adjusted EPS of $0.08, surpassing the $0.06 estimate, with sales of $179.413M exceeding the $178.832M forecast. This represents a 2.77% decrease in sales compared to the same period last year.
May 08, 2024 | 8:23 pm
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8x8, Inc. (EGHT) reported a Q4 2024 EPS of $0.08, beating estimates, with sales of $179.413M also surpassing expectations but showing a year-over-year decline.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decline in sales might temper investor enthusiasm, suggesting a cautious optimism for EGHT's stock in the short term.
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