Calling it a “great quarter,” InfoSpace CEO Bill Ruckelshaus today announced that the Bellevue Internet search company posted net income of $2.7 million on revenues of $56.3 million. That compared to revenues of $50.5 million and net loss of $100,000 for the same period last year.

“We are pleased with revenue growth, both when compared to the prior quarter and the prior year. Additionally, we remain focused on acquisition opportunities to enhance long-term value for InfoSpace shareholders,” said  Ruckelshaus.

InfoSpace continues to sit on a huge cash pile, with cash, cash equivalents, and marketable securities of $279.3 million. For the fourth quarter, the company said it expects revenues between $58 million and $61 million.

Shares of InfoSpace are up 11 percent on the year.

 

Latest News

Comments

  • Guest

    Misses estimates by 4 cents, pays another executive severance, gets in trouble for accounting treatment – great quarter!

  • Guest

    Misses estimates by 4 cents, pays another executive severance, gets in trouble for accounting treatment – great quarter!

  • Guest

    Misses estimates by 4 cents, pays another executive severance, gets in trouble for accounting treatment – great quarter!

  • Guest

    Misses estimates by 4 cents, pays another executive severance, gets in trouble for accounting treatment – great quarter!

  • Zippysmugdust

    Did Naveen somehow get back in.  The laughable rhetoric sounds strikingly familiar.

Job Listings on GeekWork