InfoSpace (Nasdaq: INSP) beat the consensus analyst estimate in the third quarter.
After market close Wednesday, the provider of Internet portal and e-commerce services reported third quarter net income of $9.5 million, or 3 cents per share, excluding special charges. First Call''s survey of seven analysts predicted break-even results for the quarter ended Sept. 30.
Shares of InfoSpace rose to 23.1875 in afterhours activity on the Island electronic communications network, immediately following the release of quarterly results. InfoSpace stock closed Wednesday''s regular trading at 20.3125, down 1.625 for the session.
Including all non-cash charges and one-time events, InfoSpace lost $48.7 million, or 17 cents per share.
Third quarter revenue increased 189 percent year-over-year to $57.7 million. Gross margins came in at 82 percent. InfoSpace said its wireline consumer services now reach more than 92 percent of the Internet audience.
Wednesday''s report includes results from InfoSpace''s recently-completed acquisition of Go2Net.
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