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, the former FindWhat, surged after saying it expects revenue for the third quarter ending Sept. 30 to exceed its previously issued guidance of $38 million to $40 million.

The company hasn't provided a forecast for earnings.

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"As we indicated last quarter, we are challenged to produce consistency on the revenue front, however, we are pleased revenue is tracking ahead of our expectations this quarter," said Peter Corrao, chief executive of Miva.

Shares of Miva, an online advertising network, were gaining 57 cents, or 20%, to $3.40.