Neutral Tandem Earnings: Here’s Why Investors are Excited Now
Neutral Tandem (NASDAQ:IQNT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 36%.
Neutral Tandem Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.21 in the quarter as EPS of $0.21 in the year-earlier quarter.
Revenue: Decreased 1.41% to $69.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Neutral Tandem reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $-0.01. It beat the average revenue estimate of $65.65 million.
Quoting Management: “Our performance thus far in 2013 is very encouraging,” said Ed Evans, Chief Executive Officer of Inteliquent. “The sale of our data business accomplishes several goals. It is highly accretive and it allows us to focus all of our efforts on the voice business, which we expect will yield further improvements. We are becoming more disciplined in everything that we do.”
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