This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Neutral Tandem Announces Fourth Quarter And Fiscal Year 2010 Financial Results

Stocks in this article: TNDM

Highlights

  • Revenue of $199.8 million in 2010, an increase of 18.3%, compared to $168.9 million in 2009  
  • Adjusted EBITDA (a non-GAAP financial measure) of $83.1 million in 2010, a decrease of 1.8%, compared to $84.6 million in 2009  
  • Net income of $32.6 million in 2010, a decrease of 21.1%, compared to $41.3 million in 2009  
  • Billed minutes of 108.5 billion in 2010, an increase of 23.5% over 2009  
  • $103.1 million Acquisition of Tinet S.p.A. on October 1, 2010  
  • Company provides full year 2011 financial estimates

CHICAGO, March 14, 2011 (GLOBE NEWSWIRE) -- Neutral Tandem, Inc. (Nasdaq:TNDM), a leading provider of global interconnection services, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2010.

"This past year was a significant one for Neutral Tandem during which we completed a transformational acquisition and continued to produce solid execution against our long-term strategic plan," said Rian Wren, Chief Executive Officer of Neutral Tandem. "The acquisition of Tinet was an important milestone in our growth and we are pleased with the integration process to date. We believe that our efforts during the past year to build a platform for future growth provides us with an expanded value proposition that appeals to carriers, service providers, and content management firms worldwide."

Wren also commented on his retirement as Neutral Tandem's Chief Executive Officer effective April 1, 2011, "It has been a privilege to work with such a talented and dedicated team of people who strive every day to ensure Neutral Tandem's continued success. Over the last five years, we have collectively transformed Neutral Tandem to expand our global footprint and provide solutions for our customers for a variety of media, including voice, data and video. I look forward to continuing to serve on the company's Board of Directors and working closely with Ed Evans as he takes over as the new CEO and leads Neutral Tandem in the next stage of the company's evolution."

1 of 8

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs