Bandwidth: Q1 Earnings Snapshot

RALEIGH, N.C. (AP) — RALEIGH, N.C. (AP) — Bandwidth Inc. (BAND) on Tuesday reported first-quarter net income of $3.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Raleigh, North Carolina-based company said it had net income of 28 cents. Earnings, adjusted for one-time gains and costs, were 5 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The enterprise software developer posted revenue of $137.8 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $133 million.