reported a fourth-quarter loss of 29 cents a share, excluding acquisition charges, helping the company beat analysts' estimates by a penny.
The figure excludes a charge of $27.8 million for the company's recent acquisition of
According to a
First Call/Thomson Financial
survey, analysts were looking for a loss of 30 cents a share from the Internet telephony provider. The company lost 10 cents a share in the year-ago period before charges and stock-compensation costs. Fourth-quarter revenue rose to $24.9 million from $11.1 million.
Net2Phone also said it plans to buy back about 9% of its stock. The company has about 55.5 million shares outstanding.