ValueClick 3Q Profit Up, Boosts Outlook

ValueClick 3Q Profit Jumps, Company Boosts Outlook, Sending Shares Higher After-Hours

' u- m0 m& e% C/ O  LWESTLAKE 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.
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& G. C* i/ o# T$ [; M  _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.

) X2 i  |5 c: h: v, i! U1 Z! ?% kNet 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.

: b5 N7 @, Q) V/ ~Revenue expanded 69 percent to $137.9 million from $81.4 million last year, beating the Street's estimate for $134.4 million.
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. V+ {5 f# o' @" ]& a5 l0 {2 S"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.
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ValueClick raised its full-year guidance and now expects profit between 57 cents and 58 cents per share on revenue of $531 million to $533 million. The forecast includes stock-based compensation expenses of 8 cents to 9 cents per share and a gain of 1 cent per share related to tax provisions.
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( @4 [+ e5 ]% [7 b6 ?. Y$ f* ~Analysts 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.
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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.
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http://biz.yahoo.com/ap/061101/earns_valueclick.html?.v=1

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