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Neutral Tandem Swells on Heavy Volume
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ShareNeutral Tandem Inc. (TNDM) climbed almost 6% today on high volume of 1.8 million, against the average of around 1 million.
The company now sees revenue between $158 million and $165 million in 2009, up from its prior view of $151 million to $158 million.
In its first quarter, Neutral Tandem reported a profit of 27 cents per share, beating estimates by 4 cents. Revenue soared 45.8% to $38.2 million.
Six analysts out of 10 lifted expectations over the past month, pushing the current-year estimate up 13% to $1.13 per share.
This Zacks #1 Rank ("Strong Buy") company surpassed estimates in each of the last 4 quarters, having done so by an average of 21.33%.
Read the full analyst report on TNDM
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