DoubleClick Slips on Weak Outlook
DoubleClick (DCLK) beat its month-old fourth-quarter guidance, but issued first-quarter guidance below expectations.
Shares dropped 4% after hours.
For the quarter ended Dec. 31, the marketing tools and services company reported net income, on the basis of generally accepted accounting principles, of $10.6 million, or 8 cents per share, up from 3 cents per share one year earlier. The company told analysts Jan. 6 to expect EPS of 6 to 7 cents.
Revenue amounted to $83.5 million, up from the month-old range of $81 million to $82 million.For the first quarter of 2005, the company forecasts revenue in the range of $70 million to $75 million, on the downside of the Thomson First Call expectation of $75 million. Per-share results, says DoubleClick, will fall somewhere between 1-cent loss and a 3-cent gain. Analysts had been expecting EPS of 3 cents. Shares in DoubleClick, which fell 14 cents to $8.09 in regular trading, were down another 33 cents after hours.
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