Stock Watch: Q2 Profit Sends ValueClick Higher

ValueClick, Inc. (Nasdaq: VCLK) rose 2 1/8 to 12 3/8 Tuesday after reporting a 290 percent increase in second-quarter revenue to $11.3 million, along with a 6 cent per share profit.

A year earlier, the Internet advertising company lost $269,000, or 3 cents per share. Latest-quarter results include a gain of $13.7 million from the sale of shares in ValueClick Japan, which went public on May 31st, and a loss of $9.0 million from the sale of securities.

“ValueClick has achieved solid results during its first 90 days as a public company,” said Jim Zarley, chairman and chief executive officer.

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