DoubleClick Earnings Disappoint
Jul 22, 2004, 12:00 AM
DoubleClick late Thursday reported a drop in quarterly net income and said it anticipates lower full-year sales and profit due to slower growth in its Abacus Alliance and Ad Management businesses. The online ad and marketing services company reported second quarter net profit of $3.9 million, or 3 cents a share, compared with $5.8 million, or 4 cents a share last year. Revenues rose to $69.1 million from $63.5 million. DoubleClick's revised forecast estimates that 2004 full-year revenues will fall between $290 million and $305 million. The company anticipates net income to fall between 13 cents a share and 17 cents a share. The company projects third quarter revenues between $76 million and $82 million. Yesterday's earnings mark the second straight quarter that DoubleClick has posted a decrease in earnings and revised its outlook.