{"id":4638,"date":"2006-08-01T09:18:14","date_gmt":"2006-08-01T09:18:14","guid":{"rendered":"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/vonage-earnings-out.html"},"modified":"2006-08-01T09:18:14","modified_gmt":"2006-08-01T09:18:14","slug":"vonage-earnings-out","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/vonage-earnings-out.html","title":{"rendered":"Vonage Earnings Out"},"content":{"rendered":"<div>Here is the scoop on Vonage. Earnings were lower than expected but losses as a percentage of earnings decreased.<\/p>\n<p>Vonage&#8217;s loss from April through June was $74.1 million, or $1.16 per share, compared with a loss of $63.6 million in the same quarter last year.<\/p>\n<p>The consensus forecast of analysts surveyed by Thomson Financial was for a loss of 56 cents per share this time, but the predictions fell in a very wide range, from a loss of 38 cents to a loss of $1.18.<\/p>\n<p>Revenue was $143.4 million, short of Wall Street&#8217;s forecast of $148.3 million. Vonage&#8217;s revenue was $59.4 million in the same quarter a year ago.<\/p>\n<p>Vonage&#8217;s CEO, Mike Snyder, said the company sees the quarter &quot;as a key inflection point on our path to profitability.&quot; He said in Tuesday&#8217;s earnings release that the company expects to begin generating &quot;adjusted operating profits as early as the first quarter 2008.&quot;<\/p>\n<p>In the first half of 2006, Vonage showed a loss of $159.3 million on revenue of $262.3 million which equates to about 61%. In the same period in 2005, the loss was $123.6 million, with revenue of $100.1 million or 123%.<\/p>\n<p>For Vonage critics this is the exact news they wanted to hear and for Vonage advocates I feel this is also the news they wanted to hear. I think the bears probably won out though. We will see how this plays out next quarter.<\/p>\n<p>See Washington Post <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2006\/08\/01\/AR2006080100247.html\"><font color=\"#800080\">story<\/font><\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Here is the scoop on Vonage. Earnings were lower than expected but losses as a percentage of earnings decreased. Vonage&#8217;s loss from April through June was $74.1 million, or $1.16 per share, compared with a loss of $63.6 million in the same quarter last year. The consensus forecast of analysts surveyed by Thomson Financial was<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[854,17,238],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/4638"}],"collection":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/comments?post=4638"}],"version-history":[{"count":0,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/4638\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media?parent=4638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/categories?post=4638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/tags?post=4638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}