This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

DoubleClick Tops First Quarter Estimates, but Guides Lower

DoubleClick (DCLK) posted a bottom line that came in a penny ahead of Wall Street's consensus estimate for the first quarter, but the online advertising company warned investors to expect a tough year from here on.

The company said it lost 8 cents a share, excluding charges, in the quarter. Nineteen analysts polled by Thomson Financial/First Call were calling for the company to lose 9 cents in the period. DoubleClick lost 11 cents in the year-ago period.

DoubleClick reported revenue of $114.9 million, ahead of the $108.6 million analysts were projecting.

Shares of the New York-based company fell 61 cents, or 4.8%, to $12.01 to close regular-session Nasdaq trading, but investors rode the stock down to $11.15 in recent after-hours Island activity.

The company also said it expected to lose between 5 cents and 7 cents in the second quarter on revenue of $100 million to $105 million. Analysts were expecting a loss of 2 cents a share on revenue of $118.7 million for the period.

The bad news kept on coming as the company said it now expects to lose between 18 cents and 22 cents for the full year, while the consensus forecast calls for earnings of 3 cents a share.

"Online marketing is soft right now, along with the whole economy," the company said in a statement. "As the economy turns around, DoubleClick will benefit along with its customers. For the time being though, we need to manage our operations tightly, and not be overly aggressive in our revenue projections.''

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs