LookSmart Warns On Q2, Citing Soft Search Ads - Eric Savitz (Barron's)

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LookSmart Warns On Q2, Citing Soft Search Ads
Jul 17, 2008 10:11 AM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
LOOK	n/a
VCLK	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

It’s actually a double-whammy on the online advertising front this morning.

As noted earlier, ValueClick (VCLK) announced a Q2 miss and full-year warning due to weak display. Meanwhile, LookSmart (LOOK) likewise pre-announced a weaker-than-expected Q2. The company said it sees revenue for the quarter of $17 million to $17.1 million, which is short of the Street estimate of $18.2 million. LOOK said its second quarter revenue was “impacted by an unanticipated softening in search advertising demand.”

LOOK shares this morning are down 65 cents, or 18.8%, to $2.80.

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