Reuters: Global Markets: MagicJack sees strong current quarter; shares up

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MagicJack sees strong current quarter; shares up Apr 2nd 2013, 22:39 Tue Apr 2, 2013 5:18pm EDT (Reuters) - MagicJack Vocaltec Ltd (CALL.O) reported a fourth-quarter profit as sales of its "magicJack" devices, which enables phones to make and receive calls over the Internet, almost doubled. The company's shares surged 14 percent to as much as $17 in extended trading. The closed at $14.95 on the Nasdaq on Tuesday. Revenue from MagicJack's namesake devices rose 88 percent in the fourth quarter to $19.1 million. Total revenue increased 56 percent to $41.4 million. The company recorded a net profit of $22.3 million, or $1.17 per share, in the quarter ended December 31, compared with a loss of $4.7 million, or 26 cents per share, a year earlier. Excluding one-time items, the company earned 91 cents per share. MagicJack devices use a computer's USB ports to connect phones to the Internet and make or receive calls. The company's new magicJack Plus models can be plugged directly into a router and don't need a computer.

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