Inteliquent Inc (IQNT) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.26 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.30. The company posted revenue of $90.80 million in the period, compared to analysts expectations of $90.28 million. The company’s revenue was up 71.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Inteliquent Inc opened for trading at $20.26 and hit $20.57 on the upside on Friday, eventually ending the session at $20.55, with a gain of 1.23% or 0.25 points. The heightened volatility saw the trading volume jump to 3,25,577 shares. Company has a market cap of $700 M.
In a different news, on Jul 29, 2016, Rian J. Wren (director) sold 30,000 shares at $20.33 per share price. According to the SEC, on Jun 15, 2016, John M Schoder (EVP & Chief Marketing Officer) sold 4,807 shares at $18.25 per share price. On May 17, 2016, Richard Monto (GC & Corporate Secretary) sold 5,000 shares at $16.88 per share price, according to the Form-4 filing with the securities and exchange commission.
Inteliquent Inc. is a provider of wholesale voice services for carriers and service providers. The Company offers voice telecommunications services using an all-Internet Protocol (IP) network which enables to deliver connectivity for a variety of media including voice and historically data and video. The Companys solutions enable carriers and other providers to deliver voice traffic or other services where they do not have their own network. The Company provides voice interconnection services primarily to carriers including wireless wireline cable and broadband telephony companies. Its voice services allow carriers to exchange local and long distance traffic between their networks. The Companys service offering includes managing network capacity between tandem switches and customers switches for improved network quality and reduced call blocking. The Company also provides customers with invoices management reports and call detail records in paper and electronic formats.