August 5, 2010 / 9:28 PM / 7 years ago

UPDATE 1-ValueClick Q2 beats Wall Street; sees strong Q3

* 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 (Reuters) - ValueClick Inc VCLK.O posted second-quarter results that beat Wall Street expectations, as the online advertising firm cut expenses, and forecast a strong third quarter.

The company, which owns brands such as Commission Junction,, 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 Reuters I/B/E/S.

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 a share.

Revenue dipped 4 percent to $99.6 million, but beat analysts' estimate of $96.9 million.

ValueClick, which recently acquired, cut its total operating expenses by about 6 percent to $53.7 million.

"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 Mohan)

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