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MagicJack reports 4Q loss

NETANYA, Israel (AP) _ MagicJack VocalTec Ltd. (CALL) on Wednesday reported a fourth-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Netanya, Israel-based company said it had a loss of 8 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 14 cents per share.

The internet phone company posted revenue of $23.8 million in the period.

For the year, the company reported profit of $5.7 million, or 35 cents per share. Revenue was reported as $97.4 million.

MagicJack shares have risen 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.10, a fall of 6.5 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