January 6, 2010 / 11:00 PM / 10 years ago

UPDATE 1-InfoSpace raises Q4 outlook, shares up

* Raises Q4 rev forecast to $69 mln-$70 mln

* Now sees pretax income $6.3 mln-$7.5 mln

* Shares up 11 pct in aftermarket trade

Jan 6 (Reuters) - Online search tools developer InfoSpace Inc INSP.O raised its fourth-quarter revenue and pretax income outlook, helped by strong volumes from existing customers and newly launched accounts, sending its shares up 11 percent in aftermarket trade.

The company, whose tools and technology are used by consumers to find information on the Internet, now expects revenue of $69 million to $70 million, up from its prior forecast of $57 million to $60 million.

InfoSpace also raised its pretax income outlook to between $6.3 million and $7.5 million. It had earlier forecast a range between $3.4 million and $4.4 million.

InfoSpace shares rose by $1.08 to $10.60 in after hours trade. They closed at $9.52 Wednesday on Nasdaq. (Reporting by Deepti Govind in Bangalore; Editing by Aradhana Aravindan)

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