Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

ValueClick Tumbles After Revenue Forecast Trails Estimates

ValueClick Inc., the Westlake Village, California-based Internet-advertising company, fell after forecasting second-quarter revenue that trailed analysts’ estimates as the company reduces paid traffic in its Owned & Operated unit.

ValueClick sank 22 percent to $16.80 at the close in New York, the steepest decline since August 2004. The shares have risen 3.1 percent this year.

The company’s Owned & Operated business, which includes, is winding down other properties in that unit because they’re less profitable than others, said Carter Malloy, an analyst with Stephens Inc. in Little Rock, Arkansas.

“The O&O business has some great owned-content sites in it -- i.e.,” Malloy said in an e-mail. Other smaller sites “can create unnecessary volatility in revenue.”

Revenue in the second quarter will be as much as $160 million, ValueClick said yesterday in a statement. Analysts projected $167.9 million, the average of estimates compiled by Bloomberg.

“We’re very surprised at the stock reaction today as overall the fundamental story is intact,” said Malloy, who rates the shares the equivalent of hold. “Management is executing against the plan and the stock seems undervalued.”

ValueClick reported first-quarter profit excluding certain items of 38 cents a share. Analysts had predicted 34 cents. Revenue for the period rose 31 percent to $152.9 million. That compared to analysts’ estimates of $157.9 million.

Net income rose to $21.6 million, or 26 cents a share, from $16.9 million, or 21 cents, a year earlier.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.