No shares were repurchased in the three-month period ended March 31, 2013
Valueclick, Inc. (NASDAQ: VCLK) reported Q1 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $165.4 million versus the consensus estimate of $166.7 million.
Valueclick, Inc. sees Q2 2013 EPS of $0.38-0.40, versus the consensus of $0.41. Valueclick, Inc. sees Q2 2013 revenue of $164-168 million, versus the consensus of $175.6 million.
Today, ValueClick also announced that its board of directors has authorized an increase to the Company's share repurchase program of approximately $61 million, raising the Company's total authorization to $150 million. For the twelve-month period ended December 31, 2012, ValueClick repurchased 6.6 million shares of its common stock for a total cost of $110.8 million. No shares were repurchased in the three-month period ended March 31, 2013
SO IF THE BOARD OF DIRECTORS ARN'T BUYING , THEN WHY IN THE HELL ARE YOU?