Inteliquent (Nasdaq: IQNT) reported earnings on May 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Inteliquent met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share contracted.

Margins dropped across the board.

Revenue details
Inteliquent reported revenue of $70.7 million. The six analysts polled by S&P Capital IQ foresaw a top line of $70.8 million on the same basis. GAAP reported sales were 6.4% higher than the prior-year quarter's $66.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.21. The five earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $0.21 for Q1 were 13% lower than the prior-year quarter's $0.24 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 40.5%, 640 basis points worse than the prior-year quarter. Operating margin was 14.9%, 660 basis points worse than the prior-year quarter. Net margin was 9.4%, 290 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $72.3 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $295.0 million. The average EPS estimate is $0.83.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 900 members out of 922 rating the stock outperform, and 22 members rating it underperform. Among 225 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 221 give Inteliquent a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Inteliquent is outperform, with an average price target of $14.00.

New mobile devices and services are changing the game and potential profitability in the telecom industry. Some will fail, some will tread water, and those providing the right services and the right devices will shine. Where does Inteliquent fit in? Who will lead going forward? Check out "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Click here for instant access to this free report.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.