24/7 Wall St.
07-17-2008, 11:50 AM
24/7 Wall St. Daily News
This morning ValueClick (NASDAQ: VCLK) came out and dropped the bomb on forward guidance. The immediate guidance isn't such a bad issue but the forward guidance is. It lowered revenue guidance by 2% to $163 to $164 million, but cost cuts helped earnings guidance to $0.17 to $0.18 (up $0.02 on both). The online ad company cut its 2008 guidance from $730 to $745 million down to $655 to $675 million and cut prior EPS range of $0.81 to $0.83 down to a new lower range of $0.69 to $0.71. There is a much more important issue than this company...http://feeds.feedburner.com/~f/typepad/RyNm?i=5sKWBJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=5sKWBJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=jr3DdJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=jr3DdJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=q0sozj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=q0sozj)
complete story here... (http://www.247wallst.com/2008/07/valueclick-an-o.html)
This morning ValueClick (NASDAQ: VCLK) came out and dropped the bomb on forward guidance. The immediate guidance isn't such a bad issue but the forward guidance is. It lowered revenue guidance by 2% to $163 to $164 million, but cost cuts helped earnings guidance to $0.17 to $0.18 (up $0.02 on both). The online ad company cut its 2008 guidance from $730 to $745 million down to $655 to $675 million and cut prior EPS range of $0.81 to $0.83 down to a new lower range of $0.69 to $0.71. There is a much more important issue than this company...http://feeds.feedburner.com/~f/typepad/RyNm?i=5sKWBJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=5sKWBJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=jr3DdJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=jr3DdJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=q0sozj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=q0sozj)
complete story here... (http://www.247wallst.com/2008/07/valueclick-an-o.html)