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Article: Vonage narrows loss, but stocks hit bottom
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- February 16, 2007
- Author:
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BRUCE MEYERSON, THE ASSOCIATED PRESS
The Record (Bergen County, NJ)
02-16-2007
Vonage narrows loss, but stocks hit bottom -- Revenue rise can't allay subscriber growth fears
By BRUCE MEYERSON, THE ASSOCIATED PRESS
Date: 02-16-2007, Friday
Section: BUSINESS
Edtion: All Editions
HOLMDEL — Vonage Holdings Corp. on Thursday narrowed its fourth-quarter loss to $65 million as revenue nearly doubled, but the Internet phone company's stock fell to a new all-time low amid worries about weak subscriber growth.
The loss of 42 cents per share for the final three months of 2006 was in line with estimates of Wall Street analysts surveyed by Thomson Financial.
In the fourth quarter of 2005, Vonage posted a ...