EGHT Q4 08 Results

By: ispeculatornew
Date posted: 05.24.2008 (2:51 pm) | Write a Comment  (1 Comment)

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EGHT – 8×8 Inc. (NASDAQ) – (Closing Price on Friday 5/23/08 – $1.19) 

8×8 Inc. reported fourth quarter results on May 21 and the company continues to show improvement in its financial numbers.

8×8 Inc. reported revenue of 16.33 million and diluted EPS of 0.01. Revenue was up 14% YOY and EPS improved six cents from a loss of 0.05 last year. Gross margin also improved considerably from last year.

8×8 Inc. continues to be on the right track and I would continue to hold your shares or accumulate more. As earnings start to increase the share price should follow in tandem.

Disclaimer: I have no position in EGHT.

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1 Comment

  1. […] – 8×8 Inc. (NASDAQ) 8×8 reported Q4 results on May 24 and the company continues to show improvement. I would hold or accumulate […]

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