J2 Global Inc (JCOM) Releases Earnings Results, Beats Expectations By $0.01 EPS

J2 Global Inc (JCOM) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $1.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.04. The company posted revenue of $200.50 million in the period, compared to analysts expectations of $191.37 million. The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

Many Wall Street Analysts have commented on J2 Global Inc. J2 Global Inc was Upgraded by Citigroup to ” Buy” on Apr 1, 2016.

J2 Global Inc closed down -0.57 points or -0.90% at $62.97 with 5,98,463 shares getting traded on Wednesday. Post opening the session at $63.07, the shares hit an intraday low of $62.36 and an intraday high of $63.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Nov 20, 2015, Nehemia Zucker (Chief Executive Officer) sold 6,663 shares at $81.00 per share price. According to the SEC, on Nov 18, 2015, R Scott Turicchi (President and CFO) sold 15,000 shares at $78.57 per share price. On Nov 5, 2015, Steve P. Dunn (Chief Accounting Officer) sold 566 shares at $80.16 per share price, according to the Form-4 filing with the securities and exchange commission.

j2 Global Inc. provides Internet services through two divisions: Business Cloud Services and Digital Media. The Business Cloud Services Division offers Internet fax virtual phone hosted e-mail e-mail marketing online backup unified communications and CRM solutions. It markets its services principally under the brand names eFax eVoice FuseMail Campaigner KeepItSafe Livedrive and Onebox and operates a messaging network spanning 49 countries on six continents. The Digital Media Division offers technology gaming and lifestyle content through its digital properties which include PCMag.com IGN.com AskMen.com Toolbox.com and others. The Digital Media Division also operates NetShelter Powered by BuyerBase an advanced digital ad targeting platform and Ziff Davis B2B a provider of research to enterprise buyers and leads to IT vendors.

J2 Global Inc

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