ValueClick Inc (NASDAQ:VCLK) down by 15.85%, AOL Inc (NYSE:AOL)
ValueClick Inc (NASDAQ:VCLK): The Wednesday trading session saw ValueClick Inc (NASDAQ:VCLK) shares tumbling down 15.85%. It opened off at a price of $25.17, reached and reached an intraday high of $27.44 before dipping down to $25.12 per share. More than 9.61M shares were traded in the trading session on Wednesday. This number was above the average volume of 0.939M which had been calculated over a 30-day period.
The company has a one-year-low of $13.80 while its one-year-high stands at $31.00. The 50-day moving average of the stock currently stands at $28.57. ValueClick Inc (NASDAQ:VCLK)’s market cap is $2.403 billion while it has a P/E ratio of 24.55. Its earnings results were last announced on Tuesday 7 May and its earnings per share for the quarter topped the consensus estimate which had been marked at $0.39. For the quarter, the company revenue was $165.40 million in comparison to the $166.70 million, consensus estimate.
ValueClick had posted earnings per share of $0.38 in the same quarter last year. On a year-over-year basis, the quarterly revenue climbed by 8.2% and the company has projected an EPS of $0.38-$0.40 for the second-quarter.
AOL, Inc (NYSE:AOL): In the trading session on Wednesday, there was a slide of 8.8% in AOL, Inc (NYSE:AOL) shares. They opened up at $39.24 headed up to an intraday high of $39.73 before settle down to $36.70 per share. Over 4.04M shares were traded in the trading session on Wednesday which was close to four times the average volume of 1.32M which was calculated over a 30 days.
AOL announced that its income for the first-quarter climbed by 23 percent, primarily due to an increase in global revenue advertising. Despite this, it fell below Wall Street estimates. For the 31 March ended quarter, the company’s net income was $25.9 million or 32 cents a share in contrast to the $21.1 million or 22 cents a share that it stood at in the same quarter in 2012. Excluding special items the adjusted profit stood at a total of 41 cents a share. There was a 2 percent rise in revenue from $529.4 million to $583.3 million while the average analyst estimate had been $542.6 million or 44 cents per share.