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Vonage (VG) Stock Surges as Q3 Results Beat Estimates

NEW YORK (TheStreet) -- Shares of Vonage (VG) were soaring 12.64% to $7.22 in mid-morning trading on Wednesday after the company posted better-than-anticipated results for the 2016 third quarter.

Before today's opening bell, the Homdel, NJ-based phone service provider reported adjusted earnings of 9 cents per share, exceeding analysts' expectations of 5 cents per share.

Revenue for the quarter was $248.4 million, above analysts' projections of $246.9 million.

"Our results reflect good progress integrating our acquisitions and building a winning product and go-to-market value proposition for...


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