Top Shares (NASDAQ:TNDM) lifts Guidance, Shares Surge

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Neutral Tandem Inc. (NASDAQ:TNDM) gapped up in morning session and climbed as much as 3% to $22.52 after posted a higher quarterly profit that beat estimates by a penny, boosted by a 45 percent surge in billed minutes.

The company also raised its full-year revenue outlook to between $168 million and $170 million, up from its prior forecast range of $162 million to $168 million.

Net income for the third quarter rose about 80 percent to $11.1 million, or 32 cents a share, compared to $6.2 million, or 19 cents a share, in the year-ago period.

Revenue rose 43.5 percent to $44.7 million. Billed minutes increased 44.7 percent to 23 billion minutes for the three months ended Sept. 30.

Analysts were expecting earnings of 31 cents a share, on revenue of $43.1 million, according to Thomson Reuters I/B/E/S.Z

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