ValueClick Exceeds Q3 Outlook | Adweek ValueClick Exceeds Q3 Outlook | Adweek
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ValueClick Exceeds Q3 Outlook

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NEW YORK ValueClick shares rose $1.34 or 14 percent to close on Nasdaq at $10.91 today, following its third-quarter earnings report yesterday that exceeded the company's previous guidance.

Q3 revenue rose 92 percent to $43.5 million from $22.7 million in the year-earlier period. The company, which provides media, technology and related services that enable advertisers, agencies and publishers to reach consumers on the Internet, had projected revenue of $37-39 million.

Third-quarter net income totaled $7.6 million, or 9 cents per diluted share, compared to the company's prior forecast of 6 cents per diluted share. In the year-ago quarter, ValueClick recorded net income of $2 million, or 3 cents per share.

The results included the contributions of Commission Junction and Hi-Speed Media, both acquired in December 2003, and Pricerunner.com, bought in August 2004. They did not include ValueClick Japan, which was sold in March.

Based on its third-quarter results and fourth-quarter outlook, the company revised its guidance for the year. For 2004, ValueClick now expects revenue of $162 million, up from previous guidance of $150-154 million. Excluding the $8 million onetime gain related to the sale of ValueClick Japan, the company expects earnings per diluted share of 32 cents.

For fiscal year 2005, ValueClick reaffirmed its forecast of $210 million in revenue and diluted earnings per share of 34-36 cents.