InfoSpace (INSP) Q1 2012 Earnings Call May 09, 2012 5:00 pm ET Executives Stacy Ybarra - Director of Corporate Communications William J. Ruckelshaus - Chief Executive Officer, President and Director Eric M. Emans - Chief Financial Officer and Treasurer Analysts Clayton F. Moran - The Benchmark Company, LLC, Research Division Unknown Analyst Michael Millman - Millman Research Associates PresentationOperator
Good day, ladies and gentlemen, and welcome to the First Quarter 2012 InfoSpace Earnings Conference Call. My name is Regina, and I will be your conference operator for today. [Operator Instructions] Today's event is being recorded for replay purposes. I would now like to turn the conference over to your host for today, Ms. Stacy Ybarra, Senior Director of Investor Relations. Please go ahead, ma'am. Stacy Ybarra Good afternoon, and welcome to InfoSpace's First Quarter 2012 Earnings Conference Call. On the call today are Bill Ruckelshaus, President and Chief Executive Officer; and Eric Emans, Chief Financial Officer. Before we begin, I'd like to remind you that during the course of this call, InfoSpace representatives will make forward-looking statements, including but not limited to, statements regarding InfoSpace's expectations about its products and services, outlook for the future of our business and growth initiatives, and anticipated financial performance for second quarter 2012. Other statements that refer to our beliefs, plans, expectations or intentions, which may be made in response to questions, are also forward-looking statements for purposes of the Safe Harbor provided by the Private Securities Litigation Reform Act. Because these statements pertain to future events, they are subject to various risks and uncertainties, and actual results could differ materially from our current expectations and beliefs. Factors that could cause or contribute to such differences, include but are not limited to, the risks and other factors discussed in InfoSpace's most recent annual report on Form 10-K on file with the Securities and Exchange Commission. InfoSpace assumes no obligation to update any forward-looking statements, which speak only as of the date the statement is made.
Shares of InfoSpace (Nasdaq:INSP) were gapping up Thursday morning with an open price 12.2% higher than Wednesday's closing price. The stock closed at $10.98 yesterday and opened today's trading at $12.32.