ValueClick says profit unchanged
From Times Wire Reports
ValueClick Inc., the Internet’s second-largest advertising broker, reported little change in third-quarter profit and said it was in “active negotiations” to settle a federal probe of its marketing practices.
Earnings were $16.8 million, or 17 cents a shareunchanged from a year earlier, the Westlake Village company said. Sales increased 14% to $156.9 million.
ValueClick said in May that the Federal Trade Commission was investigating whether its lead-generation campaigns violated consumer-protection laws.
ValueClick shares fell 43 cents to $24.65 in after-hours trading after the earnings news. Earlier, its shares closed down $2.11, or 7.8%, at $25.08.
