logo
Share SHARE
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
United Parcel Service, Inc. has started to test the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations. On Thursday, the package delivery giant and drone-maker CyPhy Works staged a mock delivery of urgently needed medicine from Beverly, Massachusetts to Children's Island, which is about three miles off the Atlantic coast. Luxury electric car maker Tesla Motors Inc. (TSLA), Thursday filed a lawsuit against state officials over its right to sell vehicles directly to consumers in Michigan. The lawsuit has been filed against Governor Rick Snyder, Secretary of State Ruth Johnson and Attorney General Bill Schuette as defendants. Tesla... e.l.f. Beauty (ELF), a maker of cosmetic products, priced its initial public offering above its target range and raised about $141 million. The Oakland-based company opened sharply up on Thursday's trading on the New York Stock Exchange. The company said it sold about 8.3 million shares at $17 in...
comments powered by Disqus
Follow RTT