Earnings: Q3 Profits Come In Flat For ValueClick, While Revenues Rise 13.8 Percent

Lead generation and online marketing specialist ValueClick (NSDQ: VCLK) posted flat net income for Q3, with profits coming in at $16.8 million, or $0.17 per diluted common share, completely unchanged from last year’s period. Revenues rose 13.8 percent to $156.9 million from $137.9 million in Q306. The Westlake Village, CA-based company credited two acquisitions for the revenue boosts: Shopping.net, which ValueClick bought last December, and MeziMedia, which was acquired in July. Since May, ValueClick has been the subject of a Federal Trade Commission investigation looking into alleged false advertising charges related to its lead gen business. It’s also an often-rumored acquisition target. Looking ahead to ValueClick’s Q4, the company expects:

— Revenue to be between $172- and $177 million.
— Diluted net income per common share to range from $0.17 to $0.18.
— Adjusted-EBITDA within $42- and $45 million (Q3’s adjusted-EBITDA was $40.1 million, just above the company’s previously-issued guidance range of $38- to $40 million)

Earnings release |Webcast (4:30 p.m. EDT)