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NEW YORK Digitas swung to a net profit in the fourth quarter of 2002, and said it expects to record a profit again in this year’s first quarter.
The i-shop Wednesday reported a net income of $1.7 million or three cents per share in the fourth quarter. That compares to a net loss of $44.5 million or 71 cents per share in Q3 and $6.3 million or 10 cents per share in the year-ago period.
The Boston-based company, which provides digital and direct services for clients like American Express and AT&T, also said it expects to achieve earnings per share between 4-7 cents and fee revenue of $52-54 million in the first quarter of 2003.
Fee
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