posted a narrower-than-expected third-quarter loss, but indicated that the results for the period were hurt by shifting demand in the e-commerce market.
The Internet consulting company reported a loss of $1.1 million, or 2 cents a share, compared with a profit of $1.6 million, or 3 cents a share, for the third quarter a year ago. A
First Call/Thomson Financial
survey of 12 analysts expected a loss of 5 cents a share.
Third-quarter revenue was $33.1 million, a 76% increase from $18.8 million last year, but down from $38.1 million in the second quarter.
Addtionally, Viant's board authorized the repurchase of up to $50 million of the company's common stock.