InPhonic Loud and Clear

The stock soars on solid guidance.
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InPhonic

(INPC)

surged 10% late Monday after beating first-quarter estimates.

The Washington, D.C., cell-phone sales and activation shop made $1.4 million in adjusted pretax earnings on $87.4 million in sales for the quarter ended in March. Those numbers compare with a penny of pro forma profit on $600,000 in revenue in the year-ago quarter.

Analysts expected a penny-a-share loss on $83.4 million in sales in the first quarter.

"We are off to a solid start for the year and are excited about the recent additions to senior management," CEO David Steinberg said in a press release. "We believe that we will continue to improve our financial results and have taken the necessary steps to streamline our operations."

Looking ahead, the company expects an adjusted profit of 8 cents a share on about $92.5 million in sales during the current quarter ending in June. Analysts were calling for earnings of a nickel a share on $93.1 million in revenue for the current quarter ending in June.

Shares of InPhonic -- which runs Web sites like Wirefly -- were up 38 cents in regular trading, and jumped another 75 cents, or 10%, to $8.10 in the after-hours session.