8x8 Q3 Profit Plunges - Quick Facts

(RTTNews) - 8x8 Inc. (EGHT) Wednesday reported third-quarter profit of $89 thousand, down from $1.92 million in the same period last year. On a per-share basis, earnings were breakeven, compared to $0.03 last year.

Adjusted earnings for the quarter was $2.5 million or $0.03 per share. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.04 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 24 percent to $32.7 million from $26.4 million last year. Analysts expected revenues of $32.53 million.