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Article: Vonage trims losses after cutting jobs
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- May 9, 2008
- Author:
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VILLE HEISKANEN, BLOOMBERG NEWS
The Record (Bergen County, NJ)
05-09-2008
Vonage trims losses after cutting jobs -- Plans to offer high-speed Web
By VILLE HEISKANEN, BLOOMBERG NEWS
Date: 05-09-2008, Friday
Section: BUSINESS
Edtion: All Editions
NEW YORK — Vonage Holdings Corp., the unprofitable Internet phone company, reported a narrower first-quarter loss after cutting jobs and reducing marketing budgets.
The net loss shrank to $8.96 million, or 6 cents a share, from $72.3 million, or 47 cents, a year earlier, the Holmdel company said Thursday in a statement. Sales rose 15 percent to $224.6 million, compared with the $224 million average estimate in a Bloomberg survey of analysts.
Chief ...
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