MagicJack (CALL +7.4%) jumps after stating its Q2 revenue should exceed $36M - the consensus...

|By:, SA News Editor

MagicJack (CALL +7.4%) jumps after stating its Q2 revenue should exceed $36M - the consensus currently stands at $35.9M. The company, which partly attributes its performance to strong demand for its magicJack Plus product, also says it expects GAAP EPS to exceed $0.43, though this isn't comparable with a non-GAAP consensus of $0.29. MagicJack adds its put sales, recently the subject of a WSJ column, will have a minimal financial impact.