GoAmerica up 21% in pre-market trading after Q2 earnings
GoAmerica, Inc. (Nasdaq:GOAM) was up 21% to $8.70 in pre-market trading following the 8:00 a.m. ET release of second-quarter earnings.
In the three months ended June 30, revenue soared to $30.6 million, from $4.3 million a year earlier. The company attributed the growth to its fist-quarter purchase of the telecommunications relay services business of Verizon Communications Inc. (NYSE:VZ) and its merger with Hands On Video Relay Services, Inc., and to organic growth in the company’s video relay services business. Income during the quarter totaled $1.2 million, compared with a loss from operations of $810,000 a year earlier.
There were no analyst estimates available. GoAmerica provides communication services for the deaf, hard of hearing and speech-disabled communities.
