8×8 Inc (NASDAQ:EGHT) shares are trading higher Wednesday after the company reported better-than-expected fourth-quarter financial results on Tuesday after the market closed. 8×8 shares are powering higher.
Why is EGHT stock surging?
Q4 Highlights 8×8 reported adjusted earnings per share of 11 cents, beating the consensus estimate of 8 cents.
In addition, it reported revenue of $185.24 million, beating the consensus estimate of $181.12 million, and representing a 5% year-over-year increase.
Service revenue increased 5% year-over-year to $180.2 million, compared to $171.6 million in the fourth quarter of fiscal 2025.
