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MagicJack reports 2Q loss

NETANYA, Israel (AP) _ MagicJack VocalTec Ltd. (CALL) on Wednesday reported a second-quarter loss of $1.6 million, after reporting a profit in the same period a year earlier.

The Netanya, Israel-based company said it had a loss of 10 cents per share. Earnings, adjusted for pretax expenses and non-recurring costs, were 21 cents per share.

The internet phone company posted revenue of $22.4 million in the period.

MagicJack shares have risen 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.05, a rise of 29 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CALL at https://www.zacks.com/ap/CALL


Keywords: magicJack VocalTec, Earnings Report