Investing.com - 8x8 reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
8x8 announced earnings per share of $-0.10 on revenue of $187.4M. Analysts polled by Investing.com anticipated EPS of $0.04 on revenue of $186.73M.
8x8 shares are down 21.79% from the beginning of the year, still down 82.17% from its 52 week high of $23.72 set on November 2, 2021.
8x8 follows other major Information Technology sector earnings this month
8x8's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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