Shares of InfoSpace (INSP +26%) soar on heavy volume after blowing out Q1 estimates earlier this morning. Net profit surged on a 124% leap in total revenue Y/Y, as the Internet search company's newly acquired TaxACT tax preparation business added substantially to its top line results. INSP bought the web-based TaxACT business for around $288M in cash just before tax season, and the acquisition has already added $40M to the company's revenue coffers in just its first quarter.
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