Skip to main content

Bandwidth: Q4 Earnings Snapshot

RALEIGH, N.C. (AP) — RALEIGH, N.C. (AP) — Bandwidth Inc. (BAND) on Thursday reported a loss of $3 million in its fourth quarter.

On a per-share basis, the Raleigh, North Carolina-based company said it had a loss of 10 cents. Earnings, adjusted for one-time gains and costs, were 35 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share.

The enterprise software developer posted revenue of $207.7 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $207.2 million.

For the year, the company reported that its loss widened to $12.9 million, or 43 cents per share. Revenue was reported as $753.8 million.

For the current quarter ending in March, Bandwidth expects its per-share earnings to range from 30 cents to 32 cents.

The company said it expects revenue in the range of $200 million to $203 million for the fiscal first quarter.

Bandwidth expects full-year earnings in the range of $1.66 to $1.74 per share, with revenue ranging from $864 million to $884 million.

Bandwidth shares have fallen 16% since the beginning of the year. The stock has declined 31% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BAND at https://www.zacks.com/ap/BAND

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story