12.11.2013 22:19:48
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MagicJack VocalTec Q3 Profit Down
(RTTNews) - Israel-based VoIP services provider magicJack VocalTec Ltd. (CALL) Tuesday reported third-quarter net income of $8.9 million or $0.48 per share, compared to $15.1 million or $0.77 per share last year.
Adjusted net income for the third quarter was $13.9 million or $0.75 per share, compared to $13.1 million to $0.67 per share last year.
Total net revenues were $35.5 million, down from $40.8 million last year.
Looking forward, the company now expects total net revenues for the full year 2013 to be in the range of $140 million and $142 million.
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