Idearc soars 18% after beating Q1 earnings expectations

Idearc Inc. (NYSE:IAR) shares are soaring 18% after the yellow pages publisher reported early Tuesday that its adjusted first-quarter earnings totaled $116 million, or $0.79 per share, versus Wall Street’s expectation of $0.63 per share. Quarterly revenue edged down 4.5% to $770 million, which missed Wall Street’s consensus estimate of $775.3 million.

---You can read the FULL article when you register (registration is free!) or sign-in to SmallCapInvestor.com---