J2 Global: 2Q Earnings Snapshot
LOS ANGELES (AP) _ J2 Global Inc. (JCOM) on Tuesday reported second-quarter net income of $32.6 million.
On a per-share basis, the Los Angeles-based company said it had net income of 66 cents. Earnings, adjusted for one-time gains and costs, came to $1.60 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The internet and cloud services company posted revenue of $322.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $318.5 million.
J2 Global expects full-year earnings in the range of $6.95 to $7.15 per share, with revenue in the range of $1.33 billion to $1.37 billion.
J2 Global shares have climbed 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $81.96, a drop of almost 5% in the last 12 months.