A good sign from ValueClick?- EPS Top Guidance

For the quarter, the online advertising company reported revenue of $150.1 million and non-GAAP profits of 16 cents a share. Guidance had been for $140 million to $145 million and 15-16 cents. The Street consensus was $142.3 million and 15 cents. Revenues were down 14.6% from a year earlier. On a GAAP basis, the company lost $261.2 million or $3.01 a share, including a pre-tax $327 million goodwill writedown.

For Q1, the company sees revenue of $126 million to $132 million, with non-GAAP profits of 17-18 cents a share. The Street has been looking for $132.7 million and 13 cents. ValueClick sees GAAP EPS for the quarter of 11-12 cents a share, with adjusted EBITDA of $29 million to $31 million, down from $38.2 million in Q4.

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EDIT: add more info/analysis from Paidcontent:

Online ad firm ValueClick (NSDQ: VCLK) posted a $261.2 million ($3.01 per share) GAAP net loss from continuing operations on a preliminary, pre-tax $327 million non-cash goodwill impairment charge. That compares to income from continuing operations of $17.6 million ($0.18 per share). If the charge hadn’t been included, net income from continuing operations would have been $14.1 million, or $0.16 per diluted common share, at the high end of the guidance range of $0.15 to $0.16 per share.