FONT-SIZE Plus   Neg

MagicJack VocalTec Anticipates Beating Analyst Estimates For Q1 - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Retailers could see record web traffic this year as more consumers then ever before plan to shop online, according to Deloitte's 31st annual holiday survey of consumer spending intentions and trends. The survey found that holiday shoppers this year plan to spend just as much as online as they spend in brick and mortar stores. Oil giant Chevron Corp. on Friday reported a 37 percent decline in profit for the third quarter from last year, reflecting lower oil prices and weak refining margins. However, both revenue and earnings per share for the quarter beat analysts' estimates. In addition, the company raised its quarterly dividend. Mastercard Inc. (MA) reported a profit for the third quarter of 2016 that increased about 21 percent from the year-ago period, while it was up 15% excluding a special item related to the termination of the U.S. employee pension plan taken in last year's third quarter. Both earnings per share and revenue for the quarter beat analysts' expectations.
comments powered by Disqus
Follow RTT