MagicJack VocalTec Q4 Profit Rises; Issues FY14 Revenue Outlook - Quick Facts

(RTTNews) - Israel-based VoIP services provider magicJack VocalTec Ltd. (CALL) Wednesday reported fourth-quarter net income of $45.3 million or $2.50 per share, compared to $22.3 million or $1.17 per share last year.

Adjusted net income for the third quarter was $12.6 million or $0.69 per share, compared to $17.3 million to $0.91 per share in the comparable quarter last year.

On average, two analysts polled by Thomson Reuters expected the company to earn $0.41 per share.

Total net revenues were $38.18 million, down from $41.43 million last year.

Looking forward, the company now expects total net revenues for the full year 2014 to be in the range of $158 million and $163 million. Analysts currently expect full year 2014 revenues of $147.19 million.