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InfoSpace Posts 2Q Profit
Wednesday August 2, 5:43 pm ET
InfoSpace Posts 2nd-Quarter Profit After Analysts Forecast Loss

http://biz.yahoo.com/ap/060802/earns_infospace.html?.v=1

BELLEVUE, Wash., (AP) -- InfoSpace Inc., which owns search engines such as Dogpile.com, publishes online yellow pages and sells ringtones and other mobile services, said Wednesday second-quarter profit plunged 94 percent but surprised analysts, who forecast a loss for the quarter.

Earnings fell to $1 million, or 3 cents per share, from $16.3 million, or 49 cents per share during the same period last year. Results included $4.6 million in stock options expenses.

Analysts polled by Thomson Financial expected a loss of 6 cents per share.

Revenue grew 15 percent to $95.8 million, from $83.2 million in the comparable period in 2005, beating analysts' average forecast for $91.4 million.

Mobile and online segments both brought in more money than in the year-ago quarter, but operating expenses rose across the board.

InfoSpace said it expects a third-quarter loss between $2.5 million and $3.5 million, or 8 cents to 11 cents per share, on revenue of $95 million to $97 million.

Analysts are looking for a loss of 3 cents per share on revenue of $92.5 million.

InfoSpace gained 78 cents, or 3.7 percent, at $22 in after-hours trading on INET electronic exchange.