ValueClick Inc. (VCLK) reported first quarter non-GAAP net income of $0.38 per share after the close Wednesday, up from $0.26 per share last year. The consensus estimate was for EPS of $0.23. Second quarter non-GAAP EPS is expected to come in between $0.33 and $0.34. The consensus estimate is for EPS of $0.25.
ValueClick gapped open sharply lower Thursday and pulled back in early trade, before settling into a range. The stock ended the session lower by 4.80 at $16.80 on the highest volume of the year. ValueClick fell to a 3-month low and dropped below both its 50 and 200-day moving averages.
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