ValueClick Tops Estimates; Guides
Valueclick (Nasdaq: VCLK) reports Q2 EPS 20c vs the Street view 12c. ValueClick reports Q2 rev $99.6 million vs $96.93 million. Sees Q3 EPS 18c-19c vs Street view of 13c. ValueClick sees Q3 revenue between $100M to $104M vs $99.69 million.
Yesterday, VCLK announced the acquisition of Investopedia.com, a leading financial and investing information website. Founded in 1999, Investopedia provides ValueClick with valuable organic display and email traffic in the financial services vertical. The site attracts an average monthly audience of 2.2 million unique U.S. visitors (comScore, June 2010) and has a highly-engaged audience that includes 3.1 million newsletter subscribers, 1.7 million email subscribers and 1.3 million stock simulator users.
“I’m pleased with the team’s performance in the quarter, as we generated better-than-expected financial results and made solid progress on our major growth initiatives,” said Jim Zarley, chief executive officer of ValueClick. “Excluding the $11 million negative impact of one customer change in our O&O segment, our consolidated revenue grew seven percent year-over-year in the second quarter, which is up from four percent in the first quarter. I am confident that we can accelerate this growth in the second half of the year, while continuing to look for high quality acquisitions like Investopedia that provide synergy opportunities with our existing businesses.”
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