What happened Shares of software-as-a-service company 8x8 (NYSE: EGHT) jumped in early trading Wednesday after it reported better-than-expected results for its fiscal 2022 fourth quarter. So what Investors were initially enthusiastic that 8x8's non-GAAP earnings per share of $0.05 beat analysts' consensus estimate for a breakeven quarter. Now what 8x8 investors should be pleased with the company's latest results, but with the Federal Reserve poised to continue raising benchmark interest rates in its effort to get inflation back down to its target range, they're also likely concerned that the Fed's aggressive moves could potentially overshoot and cause a recession.