8x8: Fiscal Q3 Earnings Snapshot

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CAMPBELL, Calif. (AP) — CAMPBELL, Calif. (AP) — 8x8 Inc. (EGHT) on Tuesday reported fiscal third-quarter net income of $3 million.

The Campbell, California-based company said it had profit of 2 cents per share. Earnings, adjusted for one-time gains and costs, were 11 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The telecommunications services company posted revenue of $178.9 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $179.2 million.

For the current quarter ending in March, 8x8 said it expects revenue in the range of $175 million to $181 million.

The company expects full-year revenue in the range of $713 million to $719 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EGHT at https://www.zacks.com/ap/EGHT