Why MagicJack VocalTec (CALL) Is Up Today

NEW YORK (TheStreet) -- MagicJack VocalTec (CALL) was gaining 23% to $21.56 Thursday after beating analysts' expectations for earnings and revenue in the fourth quarter.

For the fourth quarter magicJack posted earnings of 69 cents a share, beating analysts' estimates of 41 cents a share by 28 cents. Revenue dropped 7.8% from the year-ago quarter to $38.2 million. Analysts surveyed by Thomson Reuters expected revenue of $35.9 million for the quarter.

For full-year 2014 the company expects revenue of between $158 million and $163 million, well above analysts' estimates of $147.2 million revenue for the year.

Must read: Warren Buffett's 10 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

CALL ChartCALL data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

More from Markets

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Automakers Slump as Trump Launches National Security Probe into US Car Imports