j2 Global, Inc. (JCOM) reported first-quarter net income attributable to common stockholders of $22.9 million or $0.49 per share, compared to $28.5 million or $0.60 per share in the year-ago quarter.
Excluding items, adjusted earnings for the quarter decreased to $26.8 million or $0.58 from $30.2 million or $0.64 per share.
Revenues for the quarter spiked 31% to $113.61 million from $86.65 million a year earlier.
Analysts polled by Thomson Reuters expected the company to earn $0.63 per share on revenue of $114.92 million for the first quarter. Analysts' estimates typically exclude special items.
For fiscal 2013, the company raised its expectations and now expects non-GAAP earnings in the range of $2.78 and $2.98 from its prior eatimate of $2.65 to $2.85 per share. Also, the company currently expects to record revenues to the tune of $510 million to $535 million, a spike from its previous estimate between $500 million and $525 million.
Analysts expect the company to earn $2.78 per share on revenue of $509.57 million for the full-year 2013.
J2 also said its Board of Directors has approved a quarterly cash dividend of $0.24 per common share. The dividend will be paid on June 4, to shareholders of record on May 20, 2013.
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