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NEW YORK DoubleClick swung to a net profit and recorded better-than-expected revenue in the first quarter.
The company’s shares rose 33 cents to $8.62 in after-hours trading Tuesday following news of the earnings report. The stock (DCLK) closed on the Nasdaq at $8.29, down 45 cents or 5 percent.
The online ad technology company reported on Tuesday a Q1 net income of $1.4 million, or 1 cent per share. That compares to a Q4 2002 loss of $54 million, or 40 cents per share, and a year-earlier loss of $6 million, or 4 cents per share.
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