Market Overview

Huge Move In Interactive Intelligence Today (ININ)

Interactive Intelligence (NASDAQ: ININ) had a tremendous day today, gaining over 24% on nearly nine times its average daily volume.

The company released preliminary fourth-quarter results yesterday after the bell. The company said it expects to report revenues of $49 million to $51 million and non-GAAP earnings 48 to 52 cents per share. Wall Street has been expecting earnings of 31 cents per share on revenues of $49.93 million.

The company expects to do $200 million in revenues this year, which would be a 20% gain from last year.

Interactive Intelligence, Inc. provides software application suites for voice over Internet protocol (VoIP) business communications to enterprises around the world.

Posted-In: Movers

 

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