November 2, 2010 / 10:02 PM / 9 years ago

UPDATE 1-InterCLICK Q3 tops view, sees strong Q4 and FY rev

* Q3 EPS $0.05 vs est $0.03

* Q3 rev $26.4 mln vs est $23.3 mln

* Sees Q4 rev to exceed $34 mln, FY rev to exceed $98 mln * Shares up 6 pct in after-mkt trade

Nov 2 (Reuters) - Digital advertising technology company InterCLICK Inc (ICLK.O) posted better-than-expected quarterly results, helped by increased campaign revenue, and forecast fourth-quarter revenue above Wall Street estimates.

For the fourth quarter, interCLICK expects to see revenue above $36 million, while 2010 revenue is expected to exceed $98 million.

Analysts on average look for fourth-quarter revenue of $31.4 million, and full-year revenue of $90.49 million, according to Thomson Reuters I/B/E/S.

For the July-September quarter, the company earned $1.25 million, or 5 cents a share, compared with $151,348, or 1 cent a share, last year.

Revenue rose 84 percent to $26.4 million and beat estimate of $23.3 million.

The company said the growth was attributed to higher campaign revenue from both existing and new clients.

The New York-based company’s shares rose 8 percent after closing at $5.37 on Tuesday on Nasdaq. They have risen 40 percent since it posted its second-quarter results on July 27. (Reporting by Siddharth Cavale in Bangalore; Editing by Don Sebastian)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below