FindWhat Profit Rises

FindWhat.com ( FWHT) rose modestly Tuesday after posting a second-quarter profit.

For the second quarter ended June 30, the Fort Myers, Fla., pay-per-click search engine company earned $3.6 million, or 15 cents a share. That's up from the year-ago $2.7 million, or 12 cents a share. Revenue rose 59% from a year ago to $27.8 million.

Second-quarter earnings before interest, taxes, depreciation and amortization rose 63% year over year to $7.6 million. The results were in line with Wall Street analyst estimates.

The company also guided toward third-quarter revenue in the range of $55 million to $60 million and fourth-quarter revenue of $60 million to $67 million. Those figures are in line with the consensus estimate compiled by Thomson First Call.

Early Tuesday, FindWhat rose 27 cents to $16.19.

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