* Q2 adj EPS $0.20 vs est. $0.12
* Q2 rev $99.6 mln vs est. $96.9 mln
* Sees Q3 adj EPS $0.18-$0.19
Aug 5 ValueClick Inc VCLK.O posted
second-quarter results that beat Wall Street expectations, as
the online advertising firm cut expenses, and forecast a strong
The company, which owns brands such as Commission Junction,
Smarter.com, CouponMountain.com and PriceRunner, forecast
third-quarter earnings of 18 cents to 19 cents a share,
excluding items, on revenue of $100 million to $104 million.
Analysts were looking for earnings of 13 cents a share,
before items, on revenue of $99.7 million, according to Thomson
For the second quarter, ValueClick earned $12 million, or
15 cents a share, compared with $14.9 million, or 17 cents a
share, a year ago. Analysts were expecting earnings of 12 cents
Revenue dipped 4 percent to $99.6 million, but beat
analysts' estimate of $96.9 million.
ValueClick, which recently acquired Investopedia.com, cut
its total operating expenses by about 6 percent to $53.7
"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...," Chief Executive Jim
Zarley said in a statement.
Shares of the Westlake Village, California-based company
fell 1 percent to $11.05 in trading after the bell. They closed
at $11.21 Thursday on Nasdaq.
(Reporting by Manasi Phadke in Bangalore; Editing by Vyas