J2 Global Communications Q4 Profit Up; Announces 5 Mln Share Repurchase Program
22.02.12
(RTTNews.com) - j2 Global Communications, Inc. ( JCOM ) reported fourth-quarter net income of $29.8 million or $0.62 per share, compared to $26.9 million or $0.58 per share in the year-ago quarter.
On a non-GAAP basis, net earnings for the quarter rose to $30.6 million or $0.64 per share from $27.7 million or $0.60 per share last year. On average, nine analysts polled by Thomson Reuters expected earnings of $0.63 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter grew 19.8 percent to $85.07 million from $71.03 million in the comparable quarter last year, while nine Street analysts had a consensus revenue estimate of $85.83 million for the quarter.
For fiscal 2012, the company expects Non-GAAP net earnings to be about the same as for 2011 and revenues to be between $345 to $365 million. Analysts expect revenues for the full year of $357.64 million.
Further, the company's Board of Directors has approved the declaration of a quarterly cash dividend to its shareholders of $0.21 per common share, a 2.4% increase versus last quarter's dividend. The dividend will be paid on March 12, 2012 to all shareholders of record as of the close of business on February 27, 2012.
Source: NASDAQ