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Vonage: 2Q Earnings Snapshot

August 1, 2018

HOLMDEL, N.J. (AP) _ Vonage Holdings Corp. (VG) on Wednesday reported second-quarter profit of $8.6 million.

On a per-share basis, the Holmdel, New Jersey-based company said it had net income of 3 cents. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.

The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.

The provider of phone services through cloud-connected devices posted revenue of $259.9 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $254.5 million.

Vonage expects full-year revenue in the range of $1.04 billion to $1.05 billion.

Vonage shares have climbed 26 percent since the beginning of the year. The stock has increased 94 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VG at https://www.zacks.com/ap/VG

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