ValueClick Q4 Profits Nearly Double

Beating its own guidance, online ad network ValueClick on Wednesday reported fourth-quarter revenues of $160.4 million, up from $116.6 million in the year-ago period. Net income was $22.1 million, or 22 cents a share--up from $14.2 million, or 14 cents a share, in the year-ago period.

The company attributed its strong performance to the integration of its 2005 acquisitions, including FastClick.

For its fiscal year ended Dec. 31, 2006, the company reported $545.6 million in revenue--up 79% from $304 million in the year-ago period. Net income was $63.1 million, or 62 cents a share, for the 2006 fiscal year--up from $40.6 million, or 45 cents a share, in the year-ago period.

For 2007, ValueClick said it is expecting revenue of $645 million to $665 million, and earnings per share of 78 to 80 cents, while it expects $148 million to $149 million in revenue in the first quarter and earnings per share of 17 cents.

"The leadership positions we have built in performance-based marketing solutions and value-added online networks give us confidence to anticipate continued strong growth and healthy margins in 2007," James Zarley, chairman and chief executive officer of ValueClick, said in a statement.

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