Sponsored listings provider FindWhat Thursday announced disappointing first-quarter profits of $3.2 million, or 10 cents per diluted share--down from $3.8 million, or 16 cents per diluted share, in
the first quarter of 2004. The company also slashed its annual revenue forecast to between $175 million and $200 million, from $250 million to $270 million. Earlier this week, the company stated that
outside auditor Ernst & Young would resign after FindWhat filed its first-quarter report. --Wendy Davis
