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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." |