J2 Global (JCOM) Reports In-Line Q2 EPS, Beats on Revenues; Offers FY Guidance
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Financial Fact:
Interest and other income (expense), net: -9.72M
Today's EPS Names:
MAXN, CSTR, ACU, More
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J2 Global (NASDAQ: JCOM) reported Q2 EPS of $1.33, in-line with the analyst estimate of $1.33. Revenue for the quarter came in at $273.3 million versus the consensus estimate of $271.88 million.
BUSINESS OUTLOOK
For fiscal 2017, the Company reaffirms estimates that it will achieve revenues between $1.130 billion and $1.170 billion and Adjusted non-GAAP earnings per diluted share of between $5.60 and $6.00.
Adjusted non-GAAP earnings per diluted share for 2017 excludes share-based compensation of between $17 and $19 million, amortization of acquired intangibles and the impact of any currently unanticipated items, in each case net of tax.
It is anticipated that the non-GAAP effective tax rate for 2017 (exclusive of the release of reserves for uncertain tax positions) will be between 28.5% and 30.5%.
The Company has not reconciled the Adjusted non-GAAP earnings per diluted share and tax rate guidance included in this release to the most directly comparable GAAP measure because this cannot be done without unreasonable effort due to the variability with respect to costs related to acquisitions and taxation, which are potential adjustments to future earnings. We expect the variability of these items to have a potentially unpredictable and significant impact on our future GAAP financial results.
GUIDANCE:
J2 Global sees FY2017 EPS of $5.60-$6.00, versus the consensus of $5.84. J2 Global sees FY2017 revenue of $1.13-1.17 billion, versus the consensus of $1.15 billion.
For earnings history and earnings-related data on J2 Global (JCOM) click here.
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