logo
Share SHARE
FONT-SIZE Plus   Neg

MagicJack VocalTec Issues Q1 Forecast - Quick Facts

MagicJack VocalTec, Ltd. (CALL) said it expects revenue, net income and earnings per share for the first quarter of 2012 to be approximately $37.4 million, $7.8 million and $0.37 respectively, before any adjustments. Excluding adjustments, the company expects to earn around $0.26 per share.

Analysts polled by Thomson Reuters expected the company to earn $0.13 per share on revenues of $35.67 million for the quarter. Analysts' estimates typically exclude special items.

Further, the company said it plans to resume its share buyback program. Also, MagicJack VocalTec confirmed that longtime director Gerald Vento has been appointed as chairman.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Reports that Gary Cohn is considering resigning as President Donald Trump's top economic advisor have weighed on Wall Street, although the White House has denied the claims. Cohn, former president and chief operating officer of Goldman Sachs (GS), currently serves as the Director of the National Economic Council. A Pennsylvania woman has sued Chick-fil-A after she claimed a dead rodent was found baked into her chicken sandwich. Ellen Manfalouti of Northampton has filed a lawsuit in Bucks County Court against Chick-fil-A, seeking more than $50,000 for the physical and psychological damages that she endured after the incident occurred. Early Uber investor Shervin Pishevar has alleged that venture capital firm Benchmark Capital is seeking to remove Arianna Huffington from the ride-hailing company's board of directors. Pishevar also accused Benchmark of holding Uber hostage by threatening to block investments in the company and urged it to step down from Uber's board of directors.
comments powered by Disqus
Follow RTT