ValueClick net income rises 3.2%

From Times Wire Services

ValueClick Inc., the online advertising company, said first-quarter profit rose 3.2% on a jump in sales.

Net income increased to $19.2 million, or 19 cents a share, from $18.6 million, or 18 cents, a year earlier, the Westlake Village-based company said.

Sales rose 12% to $176 million, beating the $169.5-million average estimate of analysts surveyed by Bloomberg.

Earnings for 2008 will be 81 cents to 83 cents a share, up from an earlier forecast of 78 cents to 81 cents, the company said. ValueClick's revenue prediction was unchanged at $730 million to $745 million.

ValueClick shares gained 17 cents to $20.48 before the results were announced.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World