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DoubleClick reports third-quarter loss

PALO ALTO, Calif., Oct 15 (Reuters) - Internet marketing company DoubleClick Inc. (NasdaqNM:DCLK - News) on Tuesday reported a narrower third-quarter loss but said sales declined as it exited core businesses to focus on others with better growth potential.

The company, which has gradually evolved from an online advertising business to one focused on e-mail promotions and other kinds of marketing technologies, reported a net loss of $62 million, or 46 cents per share, compared with a year-earlier loss of $103.5 million, or 77 cents per share.

On a pro forma basis, excluding unusual costs, the company said it earned five cents per share.

DoubleClick also said its sales fell to $74.6 million from $92.7 million.

The company, which has carefully controlled expenses to conserve cash, said it is expecting to report a pro forma profit this year. It forecast fourth quarter earnings per share in the range of a loss of one cent to a profit of one cent, and said revenues would be between $62 million and $66 million.

During a conference call with analysts after earnings were reported, DoubleClick Chief Executive Kevin Ryan said the company remains conservative in its expectations for revenue growth.

Ryan said there are signs that the online advertising business has bottomed out, but still no "specific signs that it is recovering."