ValueClick Ups Financial Outlook

0

ValueClick Inc. on Monday raised earnings and revenue forecasts after completing the acquisitions of Web Marketing Holdings Inc. and E-Babylon Inc.


The Westlake Village-based online advertising services firm said second-quarter revenue would be between $53.5 million and $54.5 million, versus an earlier range of $52 million to $53 million. (The net income forecast was unchanged at 8 cents a share.)


For the full year, ValueClick said it now expects to generate net income of 39 cents to 41 cents per diluted share, versus previous guidance of 38 cents to 40 cents. The company expects full-year revenues between $265 million and $275 million, up from an earlier estimate of $222 million to $226 million.


Because of the timing of each acquisition’s close, the updated second-quarter forecast includes one month of operating results from E-Babylon and no results from Web Marketing, ValueClick said in a statement.


The company announced its $141 million acquisition of Web Marketing, also known as Web Clients, and its $11.7 million purchase of E-Babylon an ink and toner retailer, on June 13.


Josh Gray, chief executive of Web Clients, joined ValueClick’s senior management team and will continue to lead the Web Clients business. E-Babylon will be integrated into ValueClick’s Hi-Speed Media business under general manager Farshad Fardad.

No posts to display