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LookSmart reports larger-than-expected loss

Directory listings provider LookSmart has reported a fourth-quarter loss of $12.9 million, or 14 cents per share, on revenues of $30.5 million. Analysts had expected a loss of 12 cents per share, according to First Call. That compares with a loss of $19.3 million, or 23 cents per share, on revenues of $18.5 million in the same period in 1999. Earlier this month, LookSmart warned of a higher quarterly loss and cut 31 percent of its staff.

Directory listings provider LookSmart has reported a fourth-quarter loss of $12.9 million, or 14 cents per share, on revenues of $30.5 million. Analysts had expected a loss of 12 cents per share, according to First Call. That compares with a loss of $19.3 million, or 23 cents per share, on revenues of $18.5 million in the same period in 1999. Earlier this month, LookSmart warned of a higher quarterly loss and cut 31 percent of its staff.