LookSmart Upgrades Q1 Financial Outlook

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NEW YORK Internet search company LookSmart has raised it first-quarter financial guidance to $21-23 million in revenue, up from the previously forecasted $16-18 million.

The San Francisco-based outfit also said it expects its Q1 adjusted net loss, which includes restructuring charges of $4-5 million, to narrow to $10-12 million from prior projections of $12-14 million.

The improved outlook was attributed to solid growth in its paid-inclusion LookListings business, progress in reducing the company’s overall cost structure and the addition of distribution partners to its Sponsored Search network.



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