S&P Capital IQ Reiterates its BUY Rating on Infospace

October 29 00:00 2011

New York, October 29 (RainbowNewsLine.com) – Analyst Scott Kessler of S&P Capital IQ reiterates his BUY rating on the shares of Infospace (NASDAQ: INSP).

Analyst Scott Kessler, in a research note published yesterday mentions that the company has reported its Q3 EPS below the consensus. Infospace reported 11% growth in revenues, driven by of 40% growth in the distribution business. According to the analyst, Infospace is making progress with new customers and innovating the owned and operated side of the businesses. Infospace is indicating to make restatements related to the treatment of $13 million of M&A-related goodwill which will not affect its 2011 results, the analyst adds.