posted a stronger-than-expected first quarter Wednesday and boosted full-year guidance. Its shares surged 11% in early action.
The Seattle-based digital marketing services company earned $6.4 million, or 9 cents a share, up from the year-ago $4.1 million, or 6 cents a share. Revenue nearly tripled from a year ago, hitting $65 million, up from $22.6 million.
The figures breezed past Wall Street's expectations, which called for a nickel-a-share profit on sales of $58 million.
"Each of our three operating units delivered tremendous contributions and performed well above our expectations during the quarter," said CEO Brian McAndrews. Revenue at the core digital marketing services unit, Avenue A/Razorfish, jumped to $39 million from $10 million a year earlier. Revenue at the Atlas digital marketing technologies unit rose to $20.6 million from $12 million a year earlier. The digital performance media arm showed revenue of $5.3 million, up from $785,000.
The company also boosted guidance, calling for a second-quarter profit of 9 cents a share on revenue of $65 million to $70 million. For the year, the company expects to make 38 cents a share on revenue of $270 million. Those figures are above the Thomson First Call estimates.
aQuantive rose $1.20 to $11.90.