ValueClick (VCLK) Sees Q2 Revs, adj.-EBITDA at High-End of Range; Approves New $100M Buyback; Increases Facility
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Price: $24.97 -0.4%
EPS Growth %: +10.5%
Financial Fact:
Cost of revenue: 62.36M
Today's EPS Names:
CIDM, ATU, CRWS, More
EPS Growth %: +10.5%
Financial Fact:
Cost of revenue: 62.36M
Today's EPS Names:
CIDM, ATU, CRWS, More
Trade VCLK Now!
ValueClick, Inc. (Nasdaq: VCLK) announced updated expectations for financial results for the second quarter ended June 30, 2012, an update on its stock repurchase program, and a $50 million increase to its credit facility.
For Q212, sees revs at high-end of $155 million to $160 million range and adjusted-EBITDA at high-end of $46 million to $48 million range.
The Street is looking for revs of $157.3 million.
ValueClick’s board of directors has authorized a $100 million increase to the program, such that an additional $100.5 million of the Company’s capital may be used to repurchase shares of the Company’s common stock going forward.
ValueClick has increased the amount available under its credit facility by $50 million. The Company’s total credit facility now consists of: 1) a $200 million revolver (previously $150 million) with an expected outstanding balance as of the end of the second quarter of $130 million; and 2) a term loan with an expected outstanding balance as of the end of the second quarter of $42.5 million.
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For Q212, sees revs at high-end of $155 million to $160 million range and adjusted-EBITDA at high-end of $46 million to $48 million range.
The Street is looking for revs of $157.3 million.
ValueClick’s board of directors has authorized a $100 million increase to the program, such that an additional $100.5 million of the Company’s capital may be used to repurchase shares of the Company’s common stock going forward.
ValueClick has increased the amount available under its credit facility by $50 million. The Company’s total credit facility now consists of: 1) a $200 million revolver (previously $150 million) with an expected outstanding balance as of the end of the second quarter of $130 million; and 2) a term loan with an expected outstanding balance as of the end of the second quarter of $42.5 million.
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