NEW YORK ( TheStreet) -- Shares of Ancestry.com ( ACOM) rose in late trades Wednesday after the company handily beat Wall Street's earnings expectations and agreed to acquire privately held Archives.com for $100 million. The Provo, Utah-based company said its subscriber base stood at 1.87 million as of March 31, up 16% year-over-year, and announced a new $100 million buyback program as well. For the first quarter, Ancestry.com said it earned $13.5 million, or 30 cents a share, on revenue of $108.5 million, besting the average estimate of analysts polled by Thomson Reuters for a profit of 23 cents a share on revenue of $107.4 million. The stock was last quoted at $26.99, up 10.4%, on volume of nearly 90,000, according to Nasdaq.com. Ancestry.com also forecast revenue of $115 million to $117 million for the second quarter with subscribers rising to a range of 1.965 million to 1.980 million. For the full year, it sees revenue of $460 million to $470 million with between 1.965 million and 1.985 million subscribers. Check out TheStreet's quote page for Ancestry.com for year-to-date share performance, analyst ratings, earnings estimates and much more.
The stock was last quoted at $35.54, down 8.3%, on volume of more than 1.3 million, according to Nasdaq.com, pulling back after running as high as $41. Based on Wednesday's regular-session close at $38.75, the shares were up nearly17% so far in 2012. Sagan has served as CEO of Akamai since 2005 and was named president in 1999. The company has formed a search committee to find his successor. Other stocks moving in the extended session included Cirrus Logic ( CRUS), whose shares gained more than 7% to $24.80 on volume of 720,000 after the chip maker said it expects revenue to grow "substantially" in its current fiscal year; TriQuint Semiconductor ( TQNT), whose stock dropped 13.4% to $4.78 on volume in excess of 600,000 after the company said it sees a non-GAAP loss of 10 to 15 cents a share in the second quarter on revenue of $170 million to $185 million, below Wall Street's consensus view for a profit of 5 cents a share on revenue of $223 million; and Crocs ( CROX), whose shares fell 8% to $20.30 on volume of more than 300,000 after the shoe seller forecast earnings of 61 to 63 cents a share on revenue of $335 million to $340 million in the June-ended quarter, below the average analysts' view for a profit of 65 cents a share on revenue of $352.7 million. -- Written by Michael Baron in New York. >To contact the writer of this article, click here: Michael Baron.