J2 Global Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - j2 Global, Inc. (JCOM) reported that its second-quarter earnings per share increased to $0.77 from $0.67 last year. Non GAAP earnings per share for the quarter was $0.83.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.79 for the quarter. Analytsts' estimates typically exclude special items.

Quarterly revenues increased 58% to a record $141.4 million compared to $89.5 million last year. Exclusive of the impact of a single $27 million patent license agreement secured during the quarter, $12.6 million of which was immediately recognized as revenue during the quarter as allocable to past damages, quarterly revenues increased 43.9% to $128.8 million. Analysts expected revenue of $131.37 million for the quarter.

j2 reaffirmed its previously increased fiscal 2013 revenues estimate of between $510 million and $535 million and its previously increased fiscal 2013 non-GAAP earnings per share estimate of between $2.78 and $2.98. Analysts expect the company to report fiscal year profit per share of $2.86 on revenue of $517.33 million.

j2's Board has approved its ninth consecutive quarterly cash dividend, in the amount of $0.2475 per common share.