InfoSpace swings to profit in Q2, issues full year guidance above the Street
InfoSpace, Inc. (Nasdaq:INSP) said late Tuesday that it swung to a profit in the second quarter, besting the consensus on Wall Street by a whopping 900%. Revenues jumped 21% in the quarter, as the firm experienced growth in its owned-and-operated properties. The online search services provider also issued full year guidance inline to above analysts’ mean estimates.
Shares gained 7.5%, or $0.66, to $9.50 in pre-market trading. For detailed price information and recent news stories about InfoSpace, click INSP.
