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Ooma Just Reported Its First-Ever Quarterly Profit

TheMotleyFool

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Ooma Just Reported Its First-Ever Quarterly ProfitPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Marc Adamus: https://img.theapi.app/temp/9d624ad0-0157-4808-b12c-caf136345180.png

Cloud-based communications specialist Ooma (NYSE: OOMA) reported earnings on Thursday night, covering the third quarter of fiscal year 2020. The company exceeded analyst expectations across the board and reported a small profit where Wall Street would have settled for a loss. Investors loved these strong figures, sending share prices 24% higher by the end of Thursday's extended trading session.

Let's take a closer look at Ooma's market-moving earnings report.

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Source Fool.com

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