ValueClick Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, revenue was $130.2 million, adjusted-EBITDA of $33.4 million. The Company generated approximately $22.6 million in free cash flow in the third quarter, defined as net cash from operations less capital expenditures. GAAP net income was $25.0 million, or $0.29 per basic and diluted common share. The Company recorded an income tax benefit in the third quarter of 2009 of $2.7 million due to favorable income tax adjustments recorded in the quarter. Excluding these adjustments and assuming the normalized 42% effective tax rate included in the company's previously-issued third quarter guidance, net income would have been $13.0 million, or $0.15 per diluted common share. Non-GAAP net income, which excludes discontinued operations, stock-based compensation and amortization of intangible assets was $30.3 million, or $0.34 per diluted common share. The company reported net income of $1.999 million or $0.02 per basic and diluted share on revenue of $148.065 million for the third quarter of 2008. The company reported income before income tax of $22.329 million and income from operations of $22.842 million compared to loss before income tax of $10.582 million and loss from operations of $10.211 million for the same period of last year. The company reported net income from continuing operations of $25.030 million or $0.29 per basic and diluted share compared to net income from continuing operations of $2.420 million or $0.03 per basic and diluted share for the same period of last year. The company reported adjusted EBITDA of $38.183 million and non-GAAP net income of $30.414 million or $0.34 per diluted share for the third quarter of 2008. The company reported pro forma net income from continuing operations of $12.951 million or $0.15 per diluted share compared to pro forma net income from continuing operations of $13.152 million or $0.15 per diluted share for the same period of last year. For the nine months, the company reported income before income tax of $70.461 million and income from operations of $69.945 million compared to income before income tax of $51.767 million and income from operations of $47.681 million for the same period of last year. The company reported net income of $53.119 million or $0.61 per basic and diluted share on revenues of $395.566 million compared to net income of $37.655 million or $0.40 per basic and diluted share on revenues of $475.715 million for the same period of last year. The company reported net income from continuing operations of $53.119 million or $0.61 per basic and diluted share compared to net income from continuing operations of $38.181 million or $0.40 per diluted share for the same period of last year. The company reported adjusted EBITDA of $102.483 million and non-GAAP net income of $69.400 million or $0.79 per diluted share compared to adjusted EBITDA of $127.209 million and non-GAAP net income of $82.504 million or $0.87 per diluted share for the same period of last year. The company provided earnings guidance for the fourth quarter of 2009. The company expects adjusted EBITDA of $32 million to $35 million on revenue of $128 million to $138 million for the fourth quarter of 2009. The company expects GAAP diluted net income per common share of $0.15 to $0.16 and Non-GAAP diluted net income per common share of $0.21 to $0.22 for the fourth quarter of 2009.

ValueClick Inc. expected to Report Fiscal Year 2009 Results on February 10, 2010. This event was calculated by Capital IQ (Created on October 20, 2009).

ValueClick Inc., Q3 2009 Earnings Call, Oct 27 2009