Terremark Shares Leap After Earnings Post

Terremark(TMRK Quote) hit...and missed...and hit again: It hit on some fourth-quarter profit. It missed on revenues that fell short of expectations. It hit on an EPS of 6 cents -- which beat analysts' expectations of a penny.

And then, after announcing all of this following the closing bell Tuesday, The Miami-based IT company hit one last time -- when investors gave the earnings report a thumbs up in after-market trading.

Revenues landed at $68.9 million, which was a 21% increase from the year over period, but still short of analysts' projections of over $74 million. Yet according to the company's release, Terremark added $31.8 million in new annual contract value and 46 new customers in the quarter. ...