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Tuesday, February 14, 2017

=Vonage (VG) reported earnings on Tue 14 Feb 2017 (b/o)




 Vonage beats by $0.16, reports revs in-line; guides FY17 revs below consensus :
  • Reports Q4 (Dec) earnings of $0.21 per share, $0.16 better than the Capital IQ Consensus of $0.05; revenues rose 7.2% year/year to $246.7 mln vs the $247.59 mln Capital IQ Consensus.
  • Co issues downside guidance for FY17, sees FY17 revs of $970-985 mln vs. $1.01 bln Capital IQ Consensus Estimate. 
    • Sees consumer revenue in the range of $483 million to $492 million reflecting the Company's continued focus on optimizing the business for profitability and cash flow
    • Sees Consolidated Adjusted OIBDA of at least $165 million Capex of approximately $40 million

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