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ValueClick Meets Street’s Expectations

For the fourth quarter of 2005, Westlake Village-based ValueClick Inc. reported earnings of $13.6 million, or 13 cents per diluted share, on revenue of $116.6 million, analysts’ expected 13 cents per share on revenue of $115.8 million. The company withdrew its fourth-quarter 2004 results because of an error involving its income tax benefit and deferred income tax assets. It will have to restate results for all of 2004 and the first three quarters of 2005. These restatements will have no impact on the company’s previously reported operating results for revenue, income from operations, income before taxes and minority interest, net cash flows, EBITDA or adjusted-EBITDA for any period. ValueClick increased its 2006 revenue expectations to $490 million to $500 million from $480 million to $500 million. Analysts are looking for a profit of 59 cents per share on sales of $494.1 million.

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