ValueClick: Q1 Tops Ests; Q2 View Light; Ups ‘08 Outlook
ValueClick (VCLK) reported Q1 revenue of $176 million and net income of 19 cents a share, beating the Street consensus of $169.6 million and 16 cents.
For Q2, the online advertising company sees revenue of $166 million to $170 million, with profits of 15-16 cents a share, a bit short of Street expectations of $174.9 million and 17 cents.
For the full year, ValueClick maintains its revenue outlook of $730 million to $745 million. The company raised its profit guidance to 81-83 cents, from 78-81 cents.
The company also said it bought back 2.3 million shares in the quarter, spending $39.3 million. ValueClick said its board has increased its buyback authorization by $100 million, increasing its total authorization to $101.3 million.
In after hours trading, VCLK is up 17 cents, or 0.8%, to $20.65.
Not surprising, think they will beat again later, just hedging a little. LOCM should be in play this week too, they plan to double revenue in 2008.
Time for Microsoft to buy-out ValueClick for 30$ a share!
No Paul Q. TWX (AOL) is a better merger-candidate. After AOL closes this deal Microsoft will buy AOL from Time warner and Microsoft has both VLCK and AOL in house
ValueClick results in line, doing a good job, interesting to see what happens with this company in the near future
I wonder if Eric Schmidt is talking to the MT about ValueClick’s FUTURE.
Google would beat the other internet companies MSFT,AOL, Yahoo again
30 bugs a share?
Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
