Millions of People Will Soon Be Blindsided. Will You Be One of Them?

On April 20 at 7 p.m. ET, Louis Navellier and Matt McCall will reveal an event that’s about to rock the stock market and how you could use it to beat the markets by nearly 11X.

Tue, April 20 at 7:00PM ET
 
 
 
 

Vonage Earnings: VG Stock Takes a Hit on Q4 Miss

Vonage earnings for the fourth quarter of 2018 have VG stock falling on Thursday.

Vonage Earnings: VG Stock Takes a Hit on Q4 Miss

Source: Shutterstock

Vonage (NYSE:VG) starts off its earnings report for the fourth quarter of the year with losses per share of 3 cents. This is up from the company’s losses per share of 24 cents from the same time last year. However, it was still a blow to VG stock by coming in below Wall Street’s earnings per share estimate of 7 cents for the quarter.

Net loss reported by Vonage during the fourth quarter of 2018 comes in at $6.93 million. This is better than the company’s net loss of $55.27 million reported in the fourth quarter of 2017.

Operating income reported by Vonage for the fourth quarter of the year was $6.02 million. The cloud communications company reported operating income of $22.99 million during the same period of the year prior.

The Vonage earnings report for the fourth quarter of 2018 also included revenue of $273.80 million. This is an increase over the company’s revenue of $254.02 million reported in the fourth quarter of the previous year. Unfortunately for VG stock, this still comes in below analysts’ revenue estimate of $274.71 million for the period.

The most recent Vonage earnings report also includes its outlook for the full year of 2019. This outlook has revenue for the year ranging from $1.170 billion to $1.195 billion. Wall Street is looking for revenue of $1.17 billion for the full year of 2019.

VG stock was down 7% as of noon Thursday.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2019/02/vonage-earnings-hit-vg-stock-with-miss/.

©2021 InvestorPlace Media, LLC