InfoSpace revenues soar |
Connect with TechFlash on our Facebook page for all the latest technology news headlines and commentary, plus information and access to special events, photos from events, promotions and more.
Today On Techflash
- Amazon falls on world's most valuable brand list; Microsoft at No. 5
- Microsoft to offer $15 upgrade to Windows Pro 8
- Amazon announces deal with Paramount Pictures
- Seattle TaskRabbit will run your errands, do your chores
- Startup of the Week: LocalBonus aims at 'buy local' movement
- Microvision gets NASDAQ delisting warning letter
- Microsoft to offer $15 upgrade to Windows Pro 8
- Seattle TaskRabbit will run your errands, do your chores
- Amazon shareholders met by protesters, company cuts ties with ALEC
- Amazon announces deal with Paramount Pictures
- Microsoft Windows Phone tops Apple's iPhone in China
- RealNetworks to pay $2.4M in settlement with Wash. state
Mass High Tech
InfoSpace revenues soar
InfoSpace is a distant player in the Internet search business when compared to Google, Yahoo and Microsoft. But the Bellevue company is still posting solid results.
InfoSpace today announced third quarter revenues of $54.4 million, a 38 percent increase over the same period last year. Meanwhile, the company reported net income of $1.8 million, or five cents per share. That compares to a net loss for the same period last year.
"We are seeing positive trends in the overall search industry and are optimistic about our continued growth in this environment," said InfoSpace CEO Will Lansing in a statement.
The company also remains in a strong cash position, with $214 million in cash, cash equivalents and marketable securities.
Shares of InfoSpace were down four percent today, but are up 10 percent on the year.
InfoSpace -- which operates the Dogpile, Metacrawler and other search engines -- said it expects fourth quarter revenues between $57 million and $60 million and net income between $3.3 million and $4.3 million. That was above estimates from analysts polled by Thomson Reuters.
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
