J2 Delays Earnings

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J2 Global Communications Inc. said that is plans to file its third quarter, fourth quarter and year-end earnings reports by March 16, the Los Angeles-based company said Wednesday.


The company has delayed its earnings due to an internal probe into the company’s stock options granting practices. As spokeswoman for the company said the probe found no wrong doing on behalf of the company.


Last week, the company released some earnings numbers that showed 2006 sales of about $181 million, which was in line with what analysts were expecting, the company said.


For 2007, J2 said is sees sales between $217 million and $229 million Wall Street’s expectations were about $222 million, the company said.


Shares in J2 fell 38 cents to $23.92 in afternoon trading on the Nasdaq Wednesday.

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