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Why Ooma Stock Just Popped 14%

TheMotleyFool

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Shares of Ooma (NYSE: OOMA), the voice-over-the-internet phone service provider, are racing out of the gate this morning after the company reported a surprise "profit" in last night's fiscal Q3 2020 earnings report.

Heading into earnings, analysts had forecast that Ooma would lose $0.05 per share pro forma on sales of $38.4 million. Ooma eked out a win on the sales front, reporting $39.6 million. Even better, the company said it earned a $0.01 per share non-GAAP (adjusted) profit in Q3.

Ooma stock is up 13.7% as of 10:25 a.m. EST.

Source Fool.com

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