aQuantive (AQNT) bounced back from a modest selloff Monday, beating first-quarter earnings targets and raising guidance.
Shares in the Seattle-based digital marketing company surged 7% in late trading. The stock had fallen 4% during regular action Monday on news of a failed merger attempt with rival
. ValueClick also rose after hours, following a solid earnings report and disclosure of a
big buyback plan.
For the quarter ended March 31, aQuantive made $7.6 million, or 10 cents a share, up from the year-ago $6.4 million, or 9 cents a share. Revenue rose 42% from a year ago to $92.2 million. Analysts were looking for a 6-cent profit on sales of $85 million.
aQuantive also guided up for the second quarter and year, saying it expects to make 11 cents a share on revenue of $98 million for the quarter and 46 cents a share on revenue of $397 million. Analysts were looking for a dime-a-share profit on revenue of $96 million for the quarter and 44 cents on revenue of $388 million for the year.
Late Monday, aQuantive rose $1.71 to $26.27.