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Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

May 8, 2007 at 9:56 AM

aQuantive’s smoking

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.

Comments | More in | Topics: Digital media

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