Vonage (VG) Tops Q3 EPS by 1c, Revenues Miss; Offers FY18 Revenue Guidance

Vonage (NYSE: VG) reported Q3 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $262 million versus the consensus estimate of $264.12 million.

"Vonage delivered another strong quarter, as Business service revenues grew 23% and total Business revenues accounted for 59% of consolidated revenues," said Vonage CEO Alan Masarek. "These results underscore the tremendous progress that we are making with the development of our OneVonage technology platform, and in sales and marketing execution within the mid-market and enterprise segments."

GUIDANCE:

Vonage sees FY2018 revenue of $1.045-1.052 billion, versus the consensus of $1.05 billion.

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

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