j2 Global Communications Earnings: Here’s Why Investors are Excited Now
j2 Global Communications, Inc. (NASDAQ:JCOM) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.72%.
j2 Global Communications, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 9.38% to $0.58 in the quarter versus EPS of $0.64 in the year-earlier quarter.
Revenue: Rose 31.1% to $113.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: j2 Global Communications, Inc. reported adjusted EPS income of $0.58 per share. By that measure, the company missed the mean analyst estimate of $0.63. It missed the average revenue estimate of $114.92 million.
Quoting Management: “Over the past several quarters we have made enormous strides in expanding and diversifying j2’s Internet-related businesses,” said Hemi Zucker, CEO of j2. “We have added a Digital Media Division by means of several key acquisitions to complement our leading business cloud services. We have also continued to grow our Business Cloud Services Division geographically with expansion of our voice and online backup services in Australia and New Zealand. We intend to continue to focus on growing and diversifying our Internet-related businesses in market segments that will provide substantial profit opportunities.”
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