Inteliquent Earnings: Here’s Why Investors are Selling Shares Now

Inteliquent Inc (NASDAQ:IQNT) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 23.35%.

Inteliquent Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 800% to $1.08 in the quarter versus EPS of $0.12 in the year-earlier quarter.

Revenue: Decreased 21.78% to $53.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Inteliquent Inc reported adjusted EPS income of $1.08 per share. By that measure, the company beat the mean analyst estimate of $0.07. It missed the average revenue estimate of $54.27 million.

Key Stats (on next page)…

Revenue decreased 23.35% from $69.67 million in the previous quarter. EPS increased 414.29% from $0.21 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0 to a profit $0.07. For the current year, the average estimate has moved up from a profit of $0.23 to a profit of $0.43 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)