MagicJack VocalTec, Ltd. (CALL) predicts beating average analyst estimates for first quarter. The company also announced preliminary fourth quarter 2011 estimates.
After reviewing January revenue figures, for first quarter MagicJack predicts more than 20% and 4% upside to average analyst estimates for earnings and revenue respectively. The company's estimates are before any one-time and/or future nonrecurring gains or charges and/or other possible adjustments to revenue and/or earnings.
MagicJack along with its two largest retailers recorded the highest quarterly sales of magicJack units ever.
Revenue and loss per ordinary share for the fourth quarter are expected to be $29.6 million and $0.09 per share, before any one-time and/or nonrecurring gains or charges and/or other adjustments to revenue and/or earnings.
On average, analysts polled by Thomson Reuters expect the company to report loss of $0.11 per share, on revenues of $29.06 million for the fourth quarter. Analysts' estimates typically exclude special items.
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by RTT Staff Writer
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