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Wednesday, Feb 1, 2023

Business Briefs: ValueClick, Gamma Medica, HCL Inglewood Village

– ValueClick Inc.

raised its fiscal 2005 earnings outlook to the range of 38 cents to 40 cents per diluted share on revenue of $222 million to $226 million, compared to earlier guidance of 37 cents to 39 cents per share on revenue of $218 million to $223 million.

The Westlake Village-based provider of online advertising services said the new guidance was based on increased optimism in its online marketing services businesses for the second half of the year. ValueClick also reaffirmed its forecast for second-quarter earnings of 8 cents per diluted share on revenue of $52 million to $53 million, which is in line with analysts’ average expectations of 8 cents a share on sales of $52.6 million.

– Gamma Medica Inc.

, a Northridge-based developer of clinical imaging systems, announced it will combine operations with Ideas ASA of Oslo, Norway, to develop their cancer-screening technologies. The new company will be called Gamma Medica Ideas Inc. Gamma Medica Chief Executive Bradley E. Patt will be president and chief executive of the new company and Thomas Langaard, general manager of Ideas, will become chief operating officer. The companies expect to have their operations fully integrated by the end of the summer. Financial details about the agreement were not supplied.

GMAC Commercial Mortgage Corp. provided a $25.3 million construction loan for the Inglewood-based retail property Village at Century Shopping Center.

HCL Inglewood Village LLC

, which received the funding, was seeking construction financing to develop a 194,000-square-foot community shopping center anchored by stores including Bed Bath & Beyond, Michaels and Ross. At the time of the loan closing, the property was nearly 80 percent pre-leased, Philadelphia-based GMAC said in a statement.


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