Avenue A Narrows Losses

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NEW YORK — Revenues declined slightly, while pro forma net losses narrowed for Avenue A in the first quarter.

The digital marketing services company this week reported revenues of $23.5 million, down about three percent from $24.4 million in the fourth quarter and $24.2 million in Q1 2001.

Avenue A’s pro forma net loss for the first quarter, which excludes the amortization of deferred stock compensation and the impact of a change in accounting principle associated with intangible assets, was $1.8

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