DoubleClick beats analysts' bleak expectations

NEWS Online advertising company DoubleClick has beaten analyst predictions and reported marginally better fourth quarter results than for the same period a year ago. Net losses hit $64m, or 48 cents per share for the quarter ending 31 December 2001. For the same period in 2000 DoubleClick posted net losses of $104.8m or 85 cents per share meaning fourth quarter revenues fell by 27 per cent year on year. The organisation's key advertising serving unit, Techsolutions, posted revenue of $51.8m for the quarter, up seven per cent from the third quarter but still down by $9.7m from the fourth quarter 2000.