Blucora, Inc. (BCOR)

[rudy-carter]

UPDATE 1-InfoSpace profit, outlook send shares up
Tue Oct 25, 2005 05:10 PM ET
(Adds outlook, stock activity)
SAN FRANCISCO, Oct 25 (Reuters) - InfoSpace Inc. (INSP.O: Quote, Profile, Research) said on Tuesday its quarterly net income fell far less than Wall Street had expected and the company forecast a significantly better-than-expected profit for the current quarter, sending shares up 19 percent.

InfoSpace, an operator of Web search sites and provider of game, music and ring tone downloads for mobile phones, had third-quarter profit of $11.3 million, or 32 cents per diluted share, compared to net income of $13.4 million, or 37 cents per diluted share, a year earlier.

Revenue rose $83.2 million from $67.2 million in the year earlier period.

The results beat analysts' average estimates for net profit of 17 cents a share on revenue of $77.4 million, according to Reuters Estimates.

For the fourth quarter, InfoSpace said it expects revenue of $84 million to $86 million and net income of 25 cents to 28 cents a share.

Analysts' fourth-quarter estimates called for earnings of 15 cents a share on revenue of $86.0 million.

Shares of InfoSpace jumped to $26.40 in extended trade on Inet, from their closing price of $22.23 on the Nasdaq.

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh86798_2005-10-25_21-10-26_n25...