Thursday, 29 April 2010

Ancestry.com reports strong 1st quarter

Ancestry.com's 1st quarter report shows subscriber growth of 26% and total revenue increase of 21% year-over-year.

The company is anticipating revenue in the range of $275 to $280 million (increased from the previously expected range of $250 to $255 million) and ending subscribers in the range of 1,280,000 to 1,300,000 (increased from the previously expected range of 1,200,000 to 1,225,000).

In anticipation, these results were not released until after market close, the company stock closed at $9.53, up $1.53 (8.50%) for the day.

Read the 1st quarter report at http://finance.yahoo.com/news/Ancestrycom-Inc-Reports-pz-84437526.html?x=0&.v=1

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