J2 Global: 3Q Earnings Snapshot
LOS ANGELES (AP) _ J2 Global Inc. (JCOM) on Monday reported third-quarter earnings of $30.7 million.
On a per-share basis, the Los Angeles-based company said it had net income of 61 cents. Earnings, adjusted for amortization costs and stock option expense, were $1.53 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The internet and cloud services company posted revenue of $292.7 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $295.2 million.
J2 Global expects full-year earnings in the range of $6.16 to $6.46 per share, with revenue in the range of $1.2 billion to $1.25 billion.
J2 Global shares have declined slightly more than 7 percent since the beginning of the year. The stock has dropped slightly more than 8 percent in the last 12 months.