Mobile ad agency Velti (VELT +11%) soars after blowing past Q4 estimates and issuing strong...

|By:, SA News Editor

Mobile ad agency Velti (VELT +11%) soars after blowing past Q4 estimates and issuing strong guidance. Velti, which has been dogged by concerns about its heavy European exposure, says it expects Q1 revenue of $44M-$48M ($45M consensus) and 2012 revenue of $280M-$295M ($281M consensus). Adjusted EBITDA is expected to reach $80M-$88M in 2012, up from 2011's $53.1M. (PR)