Ancestry.com Rises 35% (ACOM)

Shares of Ancestry.com ACOM are going crazy on Friday, rising more than 35% to $43.37. The company released its first quarter earnings results yesterday after the close of trading. ACOM reported EPS of $0.18, which was more than a 100% gain from the year ago period. Wall Street analysts had been estimating that the company would report earnings per share of $0.15. Revenues were up 41% to $91 million, which also came in ahead of analysts expectations of $86.8 million. The company also raised its current quarter and full year outlook. In addition, the board of directors authorized a $125 million stock buyback program.