Thursday, May 10, 2007

Vonage loss narrows, shares jump

(Reuters) - Vonage's first-quarter net loss totaled $72 million, or 47 cents per share, compared with a loss of $85 million in the same quarter a year earlier. The company, founded in 2001, was not publicly traded until May 2006.

Revenue rose 64 percent to $196 million, basically in line with the average analyst forecast, according to Reuters Estimates.


Read more at Reuters.com Hot Stocks News

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