Online advertising company ValueClick did better than expected in the third quarter, reporting $11 million in profit, or $0.11 per share, on $81.4 million in revenues, which were up 87 percent from the year-ago quarter, reports ClickZ. The company acquired ad network Fastclick in September, but its revenues weren't included in the totals.
"We're now ready to take the company to the next step," said CEO Jim Zarley on a conference call with investors. The media segment was responsible for much of the growth, increasing 135 percent over the same period in 2004. New affiliate marketing clients signed in the quarter include Quest, Vonage and American Greetings.
