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July 15, 1998


By CBR Staff Writer

Internet advertising network DoubleClick Inc came in with second quarter losses right in line with Wall Street expectations and increased its revenues by a third over the previous quarter. The New York-based company, which has seen its share price go on a rollercoaster ride recently, reported second quarter net losses of $4.7m, or 28 cents per share, up from losses of $1.8m a year before, on revenues that rose 181.7% year on year. That’s exactly what the Street was expecting, albeit according to the sometimes unreliable Zacks Investment Research. The company says its Dart technology is now delivering an average of 81 million ad impressions a day. The company’s shares surged at the start of this month following a very complimentary report from Media Metrix, but most of the gains have now pulled back. They closed yesterday up $0.3125 at $53.125. For the six months to June 30 the company recorded net losses of $9.1m, or 67 cents a share, up from $2.5m losses previously, on revenues that were up 164.2% to $30.3m.


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