Key Developments For InfoSpace, Inc.
InfoSpace, Inc. (INSP.O) (Nasdaq)
InfoSpace Issues Q4 2009 Guidance Above Analysts' Estimates
InfoSpace announced that for the fourth quarter of 2009, it expects revenues between $57 million and $60 million, Adjusted EBITDA between $7.4 million and $8.4 million, and net income between $3.3 million and $4.3 million, or $0.09 to $0.12 per share, which includes a one-time benefit from a net tax refund that increases net income by $3.3 million and Adjusted EBITDA by $2.4 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $50 million, EBITDA of $5.8 million and EPS of $0.05 for fourth quarter 2009.
InfoSpace Issues Q3 2009 Outlook Above Analysts Estimates
InfoSpace announced that for the third quarter of 2009, it expects revenue to be between $47 million and $49 million, Adjusted EBITDA to be between $4.5 million and $5.5 million, and operating results to be between a net loss of $0.5 million and net income of $0.5 million, or a net loss of $0.01 per share to net income of $0.01 per share. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $39 million, EBITDA of $4.3 million, net profit of $(0.23) million and earnings per share (EPS) of $(0.01) for third quarter of 2009.
InfoSpace Introduces DoGreatGood.com
InfoSpace announced the launch of DoGreatGood.com, a new search engine that allows users to support their favorite charitable causes while they search the Web.
InfoSpace Issues Q2 2009 Guidance; Net Income And EPS Guidance Below Analysts' Estimates
InfoSpace announced that for second quarter of 2009, it expects revenue to be between $37-$39 million, adjusted EBITDA to be between $3.5-$4.5 million, and operating results to be between net loss of $0.3 million and net income of $0.7 million, or loss of $(0.01) to $0.02 per share (EPS). According to Reuters Estimates, analysts were expecting the Company to report revenues of $37 million, EBITDA of $3.7 million, net profit of $2.1 million and EPS of $0.06 for the same period.
TELUS Taps InfoSpace For Enhanced Portal And Content
InfoSpace announced that TELUS, a national telecommunications company in Canada, has selected InfoSpace to provide it with a new online client portal that will improve TELUS` already strong Internet customer experience.
