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magicJack VocalTec, Ltd. (NASDAQ:CALL) ups its guidance for Q4 and the full year 2012. For Q4, it estimates operating income at over $0.70 per share, basing the new guidance on lower telecom expenses, higher receipts and a reduction in legal, advertising, media and other expenses. For the year as a whole, it expects to substantially reduce its telecom costs while increasing its access charge collections, and expects to end the year with about $40 million in cash and investments. “Our results for 2012 will exceed expectations. We leave the year with little litigation and having added important new assets,” says CEO Dan Barislow.
United Continental (NYSE:UAL) announces its latest outlook for the fourth quarter and full year 2012. Q4 was impacted due to weather, including Super Storm Sandy, and capacity available during the quarter falls 4.1% in terms of domestic available seat miles and 4.3% in terms of international ASMs, on a year-on-year basis. Revenue per ASM during the fourth quarter is expected to improve between 0.5%-1.5% and between 1.7%-1.9% for the full year on an annualised basis. Consolidated fuel price, net of hedges booked, is expected to be $3.2 per gallon for Q4 and $3.27 for the full year.
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The Blackstone Group (NYSE:BX) is reported to be in no hurry to redeem its investments of $550 million in SAC Capital Advisors despite the latter being embroiled in an insider trading investigation. Blackstone is said to have had discussions with SAC Capital as well as its own investors regarding the probe and appears inclined to keep the money where it is. However, any adverse development in the probe might make Blackstone change its mind and withdraw funds on the next available redemption date which is the middle of February.
Instagram’s (NASDAQ:FB) abortive change in its terms of service may have cost it 25% of its active user base as outraged users protested the new rules by dumping the service, says the New York Post, citing data provided byAppData. Instagram had 16.4 million active daily users at the time it imposed the new rules, but was left with only 12.4 million by yesterday. Though Instagram quickly reverted to the status quo, it was too late to undo the damage.
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