Investing.com - Ooma (NYSE:OOMA) Inc reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ooma Inc announced earnings per share of $0.12 on revenue of $52.65M. Analysts polled by Investing.com anticipated EPS of $0.1017 on revenue of $51.66M.
Ooma Inc shares are down 37% from the beginning of the year, still down 52.01% from its 52 week high of $24.28 set on November 2, 2021. They are under-performing the Nasdaq which is down 24.67% from the start of the year.
Ooma Inc follows other major Communication Services sector earnings this month
Ooma Inc's report follows an earnings missed by Tencent ADR on August 17, who reported EPS of $0.2819 on revenue of $19.73B, compared to forecasts EPS of $0.3769 on revenue of $19.89B.
Walt Disney had beat expectations on August 10 with third quarter EPS of $1.09 on revenue of $21.5B, compared to forecast for EPS of $0.9733 on revenue of $20.99B.
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