ValueClick announces
Westlake Village-based ValueClick on July 17 announced preliminary results for the second quarter ended June 30, expecting revenue between $163 and $164 million, compared to its prior guidance range of $166 million to $170 million; adjusted-EBITDA between $43 million and $43.5 million, compared to its prior guidance range of $40 million to $42 million; and diluted net income per common share between 17 and 18 cents, compared to its prior guidance range of 15 to 16 cents.
The company said the macroeconomic environment negatively impacted revenue in the quarter, primarily in the United States comparison shopping and display advertising businesses.
Based on its preliminary second-quarter results and outlook for the remainder of the year, ValueClick said it is updating its previously issued fiscal year 2008 guidance ranges from revenue of $730 million to $745 million to revenue of $655 million to $675 million
