Vonage Holdings Earnings: Here’s Why Investors Like These Results
Vonage Holdings Corporation (NYSE:VG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 7%.
Vonage Holdings Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.10 in the quarter versus EPS of $0.10 in the year-earlier quarter.
Revenue: Decreased 0.92% to $213.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vonage Holdings Corporation reported adjusted EPS income of $0.10 per share. By that measure, the company beat the mean analyst estimate of $0.06. It beat the average revenue estimate of $212.41 million.
Quoting Management: Marc Lefar, Vonage Chief Executive Officer, commented, “We delivered strong fourth quarter financial results as we grew revenue and maintained adjusted EBITDA at third quarter levels, even as we increased our investment in growth initiatives. We attracted new customers to our international and domestic calling plans, although gains in these areas were offset by declines in other segments of our business.”
Key Stats (on next page)…