ValueClick 3Q Profit Up, Boosts Outlook

ValueClick 3Q Profit Jumps, Company Boosts Outlook, Sending Shares Higher After-Hours
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WESTLAKE 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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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.
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Net 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.
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) n7 f6 r* j- q" R9 }  J- WRevenue 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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"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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# ]& i4 o% X) e+ z  M& MValueClick 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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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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- @. `4 I+ d, O9 c! u8 FFor 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 $145.3 million. The company's forecast assumes stock expenses of 2 cents per share.
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. S# i; K- z% C6 [: s) n$ Phttp://biz.yahoo.com/ap/061101/earns_valueclick.html?.v=1

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