Valassis Communications rises on strong Q1 forecast
Shares of Valassis Communications, Inc. (NYSE:VCI) eked out a gain today on news after the close on Tuesday that it projects first-quarter earnings above the consensus on Wall Street. The Livonia, Mich.-based marketing services company expects net income between $0.22 per share and $0.28 per share for the three months ended March 31, while seven analysts polled by Thomson Financial were calling for earnings of $0.20 per share.
The first-quarter data will be released on May 1.
At close, the stock had gained $0.24, or 2%, to $13.28. For detailed price information and recent news stories about Valassis Communications, click VCI.
