Vonage (VG) Tops Q1 EPS by 6c, Beats on Revenues

Vonage (NYSE: VG) reported Q1 EPS of $0.13, $0.05 better than the analyst estimate of $0.07. Revenue for the quarter came in at $253.57 million versus the consensus estimate of $251.96 million.

• For the first quarter of 2018, Vonage reported revenues of $254 million, a 4% increase from the year ago quarter. Income from Operations was $18 million, up from $5 million in the prior year.
• Adjusted Operating Income Before Depreciation and Amortization ("Adjusted OIBDA")1 was $42 million, up from $37 million in the prior year.
• GAAP net income was $25 million or $0.11 per share, up from $6 million or $0.03 per share in the year ago quarter.
• Adjusted net income2 was $31 million or $0.13 per share, up from $15 million or $0.07 per share in the year ago quarter.

For earnings history and earnings-related data on Vonage (VG) click here.

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