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InfoUSA 1st-Quarter Profit Rises



By AP
09 April 2008 @ 05:51 pm EST

OMAHA, Neb. - Database provider InfoUSA Inc. said Wednesday that its first-quarter earnings rose, according to preliminary results.

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For the quarter that ended March 31, the company earned 13 cents per share, compared with 11 cents per share in the year-ago quarter, according to the results.

InfoUSA also said that the preliminary results show its quarterly revenue rose to $191 million from $158 million.

The company anticipates that it will not be able to file its quarterly report by the Securities and Exchange Commission's filing deadline. It has not yet filed its 2007 annual report due to an SEC investigation and a shareholder lawsuit that questions the company's spending.

InfoUSA said its preliminary results don't reflect possible adjustments to current or past results related to an ongoing internal review undertaken in response to the SEC investigation and shareholder lawsuit.

InfoUSA shares rose 6 cents to $5.11 in after-hours trading, after finishing regular trading down 9 cents at $5.05.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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