J2 Global Reports Q2 Adj. EPS Of $0.84; Reaffirms FY14 Guidance - Quick Facts

(RTTNews) - j2 Global, Inc. (JCOM) reported that its second-quarter net income to shareholders decreased to $35.05 million from $36.04 million, a year ago. Earnings per share decreased to $0.73 from $0.77 prior year. The company said the decrease in earnings was due primarily to approximately $0.17 from the second quarter of prior year License Agreement. Adjusted earnings per share for the quarter was $0.84.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.82 for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenues increased 2.3% to $144.7 million from $141.4 million, a year ago. Adjusted Non-GAAP revenues was $145.7 million compared to $127.4 million, last year. Analysts expected revenue of $143.39 million for the quarter.

j2 reaffirmed its fiscal 2014 revenues estimate of between $580 and $600 million. The company also reaffirmed its previously announced fiscal 2014 Adjusted non-GAAP earnings per share estimate of between $3.23 and $3.47. Analysts expect the company to report 2014 earnings per share of $3.38 on revenue of $588.14 million.

The company's Board has approved a cash dividend of $0.2775 per common share, a 12.1% increase versus the dividend paid in the prior year quarter.