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
The International Monetary Fund said strong mutual policy action is needed to lift growth, as transition in China and lower commodity prices pose downside risks to global economic outlook. "Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook," the lender said in a note prepared ahead of the G-20 finance ministers meeting. Following the sell-off seen in the previous session, stocks showed a strong move back to the upside during trading on Wednesday. The markets benefited from a positive reaction to the latest batch of economic news. Frontier Airlines has crashed its own website after offering $1 fares from select U.S. markets.
comments powered by Disqus
Follow RTT