SUNNYVALE, Calif. (AP) — Ooma Inc. (OOMA) on Monday reported a lack of $595,000 in its fiscal fourth quarter.
On a per-share foundation, the Sunnyvale, California-based firm stated it had a lack of 3 cents. Earnings, adjusted for inventory possibility expense and amortization prices, had been 12 cents per share.
The outcomes surpassed Wall Avenue expectations. The common estimate of three analysts surveyed by Zacks Funding Analysis was for earnings of 9 cents per share.
The web telephone service supplier posted income of $44.3 million within the interval, which additionally topped Avenue forecasts. Three analysts surveyed by Zacks anticipated $43.2 million.
For the 12 months, the corporate reported that its loss narrowed to $2.4 million, or 11 cents per share. Income was reported as $168.9 million.
For the present quarter ending in Might, Ooma expects its per-share earnings to vary from 7 cents to 10 cents.
The corporate stated it expects income within the vary of $44 million to $44.8 million for the fiscal first quarter.
Ooma expects full-year earnings within the vary of 26 cents to 34 cents per share, with income starting from $182.5 million to $185.5 million.
Ooma shares have climbed 14% because the starting of the 12 months. Within the remaining minutes of buying and selling on Monday, shares hit $16.42, a rise of 30% within the final 12 months.