HOLMDEL, N.J. (AP) _ Vonage Holdings Corp. (VG) on Thursday reported a loss of $376,000 in its first quarter.
On a per-share basis, the Holmdel, New Jersey-based company said it had a loss of less than 1 cent. Earnings, adjusted for one-time gains and costs, were 5 cents per share.
The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.
The provider of phone services through cloud-connected devices posted revenue of $332.9 million in the period, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $317.3 million.
For the current quarter ending in July, Vonage said it expects revenue in the range of $333 million to $337 million.
The company expects full-year revenue in the range of $1.35 billion to $1.36 billion.
Vonage shares have increased slightly since the beginning of the year. The stock has increased 55% 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
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