InfoSpace Inc. (INSP) reported first quarter adjusted net income of $0.70 per share after the close Wednesday, up from $0.20 per share last year. The company expects to report second quarter adjusted EPS of $0.40 to $0.44.
InfoSpace gapped up sharply Thursday and climbed steadily until mid-morning. The stock ended the day higher by 2.38 at $13.36 on the highest volume of the year. InfoSpace surged to a month and a half high and re-crossed its 50-day moving average.
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