DoubleClick, Inc. (Nasdaq: DCLK) fell 2 11/16 to 32 13/16 Wednesday, even after reporting a narrower loss for the second quarter. Analysts at at ING Barings, US Bancorp Piper Jaffray and First Analysis downgraded the stock, reportedly because officials had warned that the third quarter might not be so bright.
The controversial Internet advertising company said its loss before charges narrowed to $3.8 million, or 3 cents per share, from $49.9 million, or 4 cents, in the same period last year. Revenue rose 157 percent to $128.1 million.
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