ValueClick 3Q Profit Up, Boosts Outlook

ValueClick 3Q Profit Jumps, Company Boosts Outlook, Sending Shares Higher After-Hours
, Y% |! a4 S& P' l
3 @) Q6 y: u7 W9 W: V/ I# i  GWESTLAKE VILLAGE, Calif. (AP) -- Digital marketing services company ValueClick Inc. said Wednesday third-quarter earnings rose 53 percent on higher revenue, prompting the company to boost its full-year financial forecast.
- r! y0 _1 X/ H0 }4 T' Z
ValueClick shares surged 69 cents, or 3.7 percent, to $19.55 in after-hours trading, after closing the regular Nasdaq session at $18.86.
. [+ @, C! O. c) {8 S9 l
' v/ c# J1 F3 A& j# f  xNet income rose to $16.8 million, or 17 cents per share, from $11 million, or 13 cents per share, last year. That surpassed the 14-cent average estimate of analysts polled by Thomson First Call.

& r) e9 S' k! s; b7 x' dRevenue expanded 69 percent to $137.9 million from $81.4 million last year, beating the Street's estimate for $134.4 million.
7 o5 N# ]5 i5 I6 M% y
"Our large-scale network solutions enable our advertiser and publisher clients to benefit from the continued fragmentation of online media consumption," the company said in a press release.

6 x8 _) g  C3 p4 VValueClick raised its full-year guidance and now expects profit between 57 cents and 58 cents per share on revenue of $531 million to $533 million. The forecast includes stock-based compensation expenses of 8 cents to 9 cents per share and a gain of 1 cent per share related to tax provisions.
: E1 e1 s7 J* R% O! L4 B+ n" P
6 `0 \4 _3 x4 l5 e9 m2 bAnalysts expect net income of 53 cents and revenue of $527 million. In August, ValueClick told Wall Street to expect profit between 48 cents to 54 cents per share and revenue of $519 million to $529 million.
2 J& S& s$ {7 }0 v. d" c/ z% A
For the fourth quarter, ValueClick expects profit of 17 cents to 18 cents per share on revenue of $146 million to $148 million, ahead of the current Street estimates for 16 cents per share on revenue of $145.3 million. The company's forecast assumes stock expenses of 2 cents per share.
: s+ e' j. J( V! p0 ]- i) r% H' \7 @
$ y/ l8 s3 A- \http://biz.yahoo.com/ap/061101/earns_valueclick.html?.v=1

:cool: :cool: :mad: :mad: