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Looksmart Turns Profit, Brightens Outlook

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#1 robertclough


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Posted 30 July 2003 - 02:49 PM


LookSmart reported strong second-quarter earnings on Tuesday, with a sharp rise in paid clicks. The paid inclusion search company reported revenues of $38.4 million, an 83 percent increase from the same quarter last year. LookSmart returned a profit of $1.2 million, or 1 cent per share, a sharp turnaround from the $806,000 loss from a year earlier. Both results exceeded the company's projections.

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