EGAN - eGain Communications surges 12% postmarket on earnings beat bright outlook

eGain Communications (NASDAQ:EGAN) surged 12% postmarket after reporting Q2 earnings and revenue that topped consensus estimates. EGAN forecast Q3 revenue of $22.9M-23.5M, above consensus estimate of $22.62M. Q3 non-GAAP net loss is expected to be $0-$0.03 per share, vs. consensus estimate of -$0.03. EGAN raised its forecast for FY22 total revenue to $90.5M-92M (prior guidance was $89M-$90.5M), vs. consensus estimate of $89.86M. FY22 non-GAAP EPS is expected to be $0.05-0.10, above consensus estimate of $0.03. EGAN stock has fallen 10.6% in the past 1 year.

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eGain Communications surges 12% postmarket on earnings beat, bright outlook