UPDATE 2-J2 Global Q3 profit beats Street, backs FY view
* Q3 adj EPS $0.48 vs est $0.45
* Revenue up slightly at $61.8 mln
* Reaffirms full-year outlook (Recasts; adds details, outlook from conference call)
BANGALORE, Nov 4 (Reuters) - J2 Global Communications Inc (JCOM.O) posted a better-than-expected quarterly profit, helped in part by cost cuts and growth in its voice business segment, and reaffirmed its full-year outlook.
On a conference call with analysts, the company said it continued to expect a modest increase in full-year revenue and adjusted earnings compared to 2008.
In 2008, the company earned $1.70 per share, excluding special items, on revenue of $241.5 million.
For 2009, analysts were expecting earnings of $1.84 per share, on revenue of $247.7 million.
The company, which provides outsourced, value-added messaging and communications services to individuals and businesses, said third-quarter net income was $19.3 million, or 43 cents a share, compared to $18.8 million, or 42 cents a share, a year ago.
Excluding certain items, the company earned 48 cents a share, beating analysts' average estimate of 45 cents, according to Thomson Reuters I/B/E/S.
Revenue for the quarter rose slightly to $61.8 million, but fell short of market estimates of $62.2 million.
The company, whose core business includes fax, voicemail, email and call handling, said its voice business segment grew 14 percent in the third quarter.
Total expenses fell 3 percent to $23.9 million.
Shares of Los Angeles-based J2 Global closed at $20.71 Wednesday on Nasdaq. (Reporting by Saqib Iqbal Ahmed in Bangalore; Editing by Anne Pallivathuckal)
