Online marketing services company
ValueClick Inc. (Nasdaq:
VCLK) is down 20% today after slashing its second-quarter profits. For the quarter ended June 30, the Westlake Village, Calif.-based company expects revenues between $163 million and $164 million, compared with previous estimates of $166 million and $170 million. The company said its lowered revenues are due to weakness in the
U.S. comparison shopping and
U.S. display advertising businesses.
In today’s trading, ValueClick is at $11.06 at 2:31 p.m. ET, down $2.71 from Wednesday’s close. Trading volume has soared to nearly 9 million shares, well above the average of almost 3 million shares.
For detailed price information and recent news stories about ValueClick Inc., click VCLK.
