Earnings: InfoSpace Q3 Profit Tops Views

InfoSpace, the search and mobile media company, reported Q3 results today, and profits declined 16 percent despite higher sales, but overall results beat Street’s expectations, sending the stock soaring by about 18 percent in late trading. Earnings declined to $11.3 million, from $13.4 million last year. Revenue, however, increased 24 percent to $83.2 million from $67.2 million.

Search & Directory revenues were $44.2 million in Q3, an increase of $2.2 million or 5 percent from Q3 of 2004. Mobile revenues were $39.0 million in Q3, an increase of $13.9 million or 55 percent from Q3 2004.

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