ReachLocal Inc. announced that for second quarter of 2011, it expects revenue to be in the range of $92.5-$94.5 million, adjusted EBITDA to be in the range of $1.0-$2.0 million. 

The Company revised fiscal 2011 guidance and expects revenue to be in the range of $380-$400 million and adjusted EBITDA to be in the range of $9 to $11 million. 

According to Reuters Estimates, analysts were expecting the Company to report revenue of $93.74 million and EBITDA of $0.95 million for second quarter of 2011; revenue of $392 million and EBITDA of $7.40 million for fiscal 2011.

Based on news, company stock spiked 32 % with abnormally large volumes, which suggest a breakout. Investor can look at the stock for more gains.