Ask Jeeves Downgraded After Profit Warning, CEO Resignation - TheStreet

Talk about coming on a little late. Several analysts have downgraded

Ask Jeeves

(ASKJ)

this morning after the company said yesterday that fourth-quarter revenue would fall short of expectations and announced the resignation of CEO Rob Wrubel.

Robertson Stephens

,

Morgan Stanley Dean Witter

and

Goldman Sachs

all cut ratings on the company.

However, the biggest head-scratcher has to be Goldman Sachs, which removed the stock from its recommended list this morning. The stock was already trading below $5 in preopen trading, off a cool 96% from its 52-week high.

The company said yesterday it expects a fourth-quarter loss of 50 cents a share, wider than the 33-cent loss originally estimated by the eight-analyst

First Call/Thomson Financial

consensus.