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ValueClick Q3 Profit Increases; Provides Q4 Guidance - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

ValueClick Inc. (VCLK) reported that its third-quarter net income increased to $25.030 million from $1.999 million last year. Earnings per share increased to $0.29 from $0.02 a year ago.

Non-GAAP net income was $30.264 million or $0.34 per share compared to $30.414 million or $0.34 per share last year.

Pro forma net income from continuing operations decreased to $12.951 million from $13.152 million a year ago. Pro forma net income per share were $0.15, flat with prior year.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit of $0.14 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $130.161 million from $148.065 million last year. Analysts expected revenue of $129.18 million for the quarter.

ValueClick announced fourth-quarter guidance. The company expects revenue to be in the range of $128 million-$138 million. GAAP net income per share is expected to be in the range of $0.15-$0.16. The company expects non-GAAP net income per share to be in the range of $0.21-$0.22.

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