J2 Global Q1 Profit Misses Estimates - Quick Facts

(RTTNews) - j2 Global, Inc. (JCOM) reported first quarter net income of $21.9 million or $0.45 per share, compared to $28.8 million or $0.60 per share, prior year. Adjusted earnings per share was $0.85, for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.87 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $161.25 million from $134.12 million last year. Analysts expected revenue of $158.98 million for the quarter.

The company reaffirmed its fiscal 2015 estimates that it will achieve revenues between $690 and $710 million and adjusted Non-GAAP earnings per share of between $3.73 and $3.97. Analysts expect the company to report fiscal 2015 earnings per share of $3.88 on revenue of $698.61 million.

The company announced that its Board has declared an increased quarterly cash dividend of $0.30 per share.