J2 Global (JCOM) Tops Q3 EPS by 1c, Affirms Guidance

J2 Global (NASDAQ: JCOM) reported Q3 EPS of $0.83, $0.01 better than the analyst estimate of $0.82. Revenue for the quarter came in at $153 million versus the consensus estimate of $150.4 million.

BUSINESS OUTLOOK

j2 is reaffirming its previously announced fiscal 2014 revenues estimate of between $580 and $600 million.

In Q2 2014, j2 issued $402.5 million in convertible senior notes, which will adversely affect 2014 earnings per diluted share by approximately $0.10. Notwithstanding this impact, j2 is reaffirming its estimated fiscal 2014 Adjusted Non-GAAP earnings per diluted share of between $3.23 and $3.47.

Adjusted Non-GAAP earnings per diluted share for 2014 excludes share-based compensation of between $8 and $10 million, amortization of acquired intangibles and the impact of any currently unanticipated items, and adds back $1.5 million to reflect the impact of the fair value adjustment to deferred revenues purchased in the Livedrive acquisition, in each case net of tax.

The Adjusted Non-GAAP earnings per diluted share estimate assumes a 2014 tax rate of between 27% and 29%

For earnings history and earnings-related data on J2 Global (JCOM) click here.

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