Form 8-K VONAGE HOLDINGS CORP For: May 05
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Vonage (VG) Tops Q1 EPS by 5c; Enters Agreement to Acquire Nexmo in ~$300M Deal
May 5, 2016 8:27 AM EDTVonage (NYSE: VG) reported Q1 EPS of $0.11, $0.05 better than the analyst estimate of $0.06. Revenue for the quarter came in at $227 million versus the consensus estimate of $227.04 million.
Guidance:
Vonage is adjusting its full year 2016 revenue guidance to reflect the acquisition of Nexmo and the Company's current visibility on the business. Vonage now expects consolidated 2016 GAAP revenue of $950 million to $960 million. The Company also now expects 2016 Vonage Business GAAP revenues, which will include Nexmo's results, to be in the $365 to $370 million range, reflecting a year-over-year growth rate in the high-60% range.... More
