(JCOM) j2 Global Communications Posts Mixed Results

November 10th, 2009

j2 Global Communications, Inc. (JCOM) reported mixed financial results for its third quarter. Total revenues of $61.8 million remained flat year over year, but were below the Zacks Consensus Estimate of $63 million. Subscriber Usage revenues were $61 million, up 0.8% year over year. Quarterly net income was $19.3 million or 43 cents per share, compared to $18.8 million or 42 cents per share in the year-ago quarter. EPS of 43 cents was above the Zacks Consensus Estimate of 42 cents.

Quarterly gross margin was 82.3%, compared to 81.5% in the year-ago quarter. This reflects the aggressive cost cutting measures taken by management during the past one year. Operating expenses, in the same quarter, were $23.9 million, compared to $24.7 million in the prior-year quarter. Management has streamlined the operating cost structure to improve productive efficiency.

At the end of the third quarter, j2 Global Communications had approximately $222.5 million of cash & marketable securities on its balance sheet compared to $151.8 million at the end of the prior-year quarter. The company had no outstanding debt.

j2 Global Communications generated $26.5 million cash from operation during the reported quarter compared to $13.7 million in the prior-year quarter. Quarterly free cash flow (cash flow from operation less capital expenditure) was $25.7 million, compared to $12.8 million in the year-ago quarter.

Zacks Investment Research

Stock Blog Hub

(JCOM) j2 Global Communications Posts Mixed Results

Author

Keyword Topics

Stock Blog Hub

(JCOM) j2 Global Communications Posts Mixed Results

Author

Keyword Topics

Tag Cloud

Share This Post