J2 Global Q2 Profit Tops Estimates; Reaffirms 2015 Guidance - Quick Facts

(RTTNews) - j2 Global, Inc. (JCOM) reported second quarter net income of $38.9 million compared to $35 million, a year ago. Earnings per share was $0.80 compared to $0.73. Adjusted earnings per share was $0.99.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.95 for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenues increased 21.6% to a record $176 million compared to $144.7 million, prior year. Analysts expected revenue of $170.08 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 earnings per share of $3.85 on revenue of $702.80 million.

The company announced that its Board has declared an increased quarterly cash dividend of $0.3075 per share.