Vonage: 3Q Earnings Snapshot

HOLMDEL, N.J. (AP) _ Vonage Holdings Corp. (VG) on Friday reported third-quarter net income of $9.6 million.

The Holmdel, New Jersey-based company said it had net income of 4 cents per share. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 9 cents per share.

The provider of phone services through cloud-connected devices posted revenue of $261.5 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $264.4 million.

Vonage expects full-year revenue of $1.05 billion.

Vonage shares have climbed 30 percent since the beginning of the year. The stock has increased 64 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 VG at https://www.zacks.com/ap/VG