surged 10% late Monday after the Web services company posted a blowout third-quarter profit and boosted guidance.
The Bellevue, Wash., company reported a third-quarter profit of $13.4 million, or 37 cents a share. That's up from the year-ago $1.6 million, or 5 cents a share and 12 cents ahead of the Wall Street analyst consensus estimate. Revenue jumped to $67 million from $31 million a year earlier, again breezing past the $62 million Thomson First Call analyst estimate.
"The third quarter was a record revenue quarter for InfoSpace, and we are raising guidance for the fourth quarter," said CEO Jim Voelker. "We are excited about our markets in search, directory and mobile, and look forward to continued growth."
The company said it expects to earn 38 cents a share on revenue of $72 million for the fourth quarter ending in December. Wall Street had expected earnings of 30 cents a share on revenue of $69 million.
After rising $1.73 to $53.62 in regular trading Monday, InfoSpace jumped to $59 in postclose action.