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Thursday, October 27, 2022

8x8 (EGHT) reported earnings on Thur 27 Oct 22 (a/h)

 ** charts after earnings **

 8x8 beats by $0.02, reports revs in-line; guides Q3 revs below consensus; guides FY23 revs below consensus
  • Reports Q2 (Sep) earnings of $0.05 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.03; revenues rose 23.6% year/year to $187.39 mln vs the $186.55 mln S&P Capital IQ Consensus.
  • Co issues downside guidance for Q3 (Dec), sees Q3 revs of $185-188 mln vs. $188.54 mln S&P Capital IQ Consensus.
  • Co issues downside guidance for FY23, sees FY23 revs of $745-755 mln vs. $755.85 mln S&P Capital IQ Consensus.

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