magicJack VocalTec, Ltd. (CALL) Friday forecast full-year earnings above its previous guidance range. Earlier, the company had forecast earnings in a range of $1.70 to $2.00 per share and revenues of approximately $155.0 million.
For the fourth quarter, the company has forecast operating earnings of over $0.70 per share, on revenues of $39 million.
The company also said Gerald Vento has been appointed as its President and Chief Executive Officer, effective January 1, 2013.
Vento joined magicjack as a Director and was later promoted to Chairman of the Board. Vento is the founder of TeleCorp PCS, Inc., and has also served as its Chairman and CEO.
Donald Burns has been elected to take over Vento as the Chairman of the Board.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.