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Short Take: Ask Jeeves beats estimates amid downgrades

Ask Jeeves has reported a slimmer-than-expected loss as several analysts downgraded the stock. The company reported a pro forma net loss of $12.6 million, or 36 cents per share, not counting acquisitions and other unusual charges. That loss was down on a per-share basis from $11.8 million, or 44 cents per share, for the comparable quarter last year. Analyst had expected Jeeves to lose 42 cents this quarter, according to First Call. The company weathered downgrades to "buy" by US Bancorp Piper and to "accumulate" at Adams Harkness, Bloomberg News reported.

Ask Jeeves has reported a slimmer-than-expected loss as several analysts downgraded the stock. The company reported a pro forma net loss of $12.6 million, or 36 cents per share, not counting acquisitions and other unusual charges. That loss was down on a per-share basis from $11.8 million, or 44 cents per share, for the comparable quarter last year. Analyst had expected Jeeves to lose 42 cents this quarter, according to First Call. The company weathered downgrades to "buy" by US Bancorp Piper and to "accumulate" at Adams Harkness, Bloomberg News reported.