DoubleClick Loses Ground Ahead of Conference Call - TheStreet

DoubleClick

(DCLK)

is set to provide fourth-quarter guidance on a conference call this afternoon, and investors may be concerned about what the company might say, as several companies have already warned that a slowdown in online advertising spending is hurting their near-term results.

DoubleClick's shares recently fell $1.19, or 9.9%, to $10.88. The 52-week high is $135.25.

For the fourth quarter, 22 analysts polled by

First Call/Thomson Financial

expect the company to earn 2 cents a share, up from a loss of 3 cents a share in the same period last year. Analysts expect the company to lose 8 cents a share for the year, compared with a loss of 24 cents a share in 1999.

Analysts on average also expect fourth-quarter revenue of $140.7 million, compared with $114.6 million last year. Wall Street is looking for revenue of $531.4 million for the full year, up from $316.1 million in 1999.

Last week, DoubleClick became the latest firm to

cut jobs in the face of the slowdown in online ad spending, a trend that many analysts see continuing. The job cuts were the first in DoubleClick's five-year history.