Courtesy of Benzinga.
magicJack VocalTec, Ltd. (Nasdaq: CALL) today communicated recent results and revised estimates. Given that the Board has authorized a buyback program, which is still active, the Company will continue to keep the investment community informed of results as they become available.
Q2 2012 Update
magicJack predicts that Q2 2012 analyst estimates of Net Income and earnings per share (“EPS”) have already been surpassed during just the first two months of the quarter. June results will just be additive and total EPS results for the quarter may surpass $0.43 per share of operating income. It is too early to predict total revenue, but it should exceed $36 million for the quarter. Continued economic weakness in the U.S. should continue to benefit the Company.
The various factors contributing to the earnings outperformance are:
magicJack’s newest product, the magicJack PLUSâ„¢, continues to have strong sales. The Company’s media spend for new customer acquisition continues to be very efficient and scalable. The Company is collecting more access (CABS) revenue and income than expected. The sale of porting numbers, vanity numbers and Canadian numbers has been very strong. License renewal revenue and bookings continues to annually rise. Certain expenses continue to be reduced. We expect the porting of over 700,000 phone numbers within the last year and further ports will also translate into higher renewals in the future too.
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