I guess the online ad business is doing pretty well, or was last quarter, at least.
Seattle digital marketing firm aQuantive today reported a blowout quarter and an upbeat forecast, pushing the stock up 12 percent to $33.26 (a new 52-week high) at last check.
Profit jumped 87 percent to $14.2 million, or 16 cents a share, beating Wall Street estimates by 7 cents. Sales were up 55 percent.
The company also gave Q2 and FY07 forecasts well above street estimates. For the year, the company expects sales of $595 million to $615 million; analysts expected $570.73 million.
If Microsoft or somebody else is going to buy aQuantive, the price just went up.