SEL: Ask Jeeves Posts Strong Third Quarter Numbers

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October 28, 2004

Ask Jeeves Posts Strong Third Quarter Numbers

Ask Jeeves reported strong Q3 earnings with revenue rising from $27.2m to more than $75m. Unfortunately, Ask's forecast for Q4 was lower than expected, sending their stock price plummeting.

But shares in Ask Jeeves shed almost 18 percent of their value after the company forecast fourth-quarter revenue that fell just short of Wall Street's consensus estimate, a move that caused some analysts to worry that growth may be slowing.

Andy Beal | permalink | +marktd |

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