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HolidayBuyer's Guide
Tech Industry

LookSmart jumps on 3Q results

LookSmart shares hustled up $1, or 12 percent, to $9.41 Thursday after it posted a smaller-than-expected loss in its third quarter.

LookSmart (Nasdaq: LOOK) lost $6.7 million, or 7 cents a share, on sales of $33.4 million in the quarter.

First Call Corp. consensus expected the Internet directory services firm to lose 13 cents a share in the quarter.

The $33.4 million in sales marks a 151 percent improvement from the year-ago quarter when it lost $17.3 million, or 32 cents a share, on sales of $13.3 million.

Separately, LookSmart inked a pair of subsite listing deals with eBay (Nasdaq: EBAY) and VerticalNet (Nasdaq: VERT).

Last quarter, LookSmart topped analysts' estimates, losing 9 cents a share on sales of $27.3 million.

The stock moved up to a 52-week high of $72 in March before falling to a low of $5.44 in October.

All five analysts following the stock maintain either a "buy" or "strong buy" recommendation.

Analysts are expecting it to lose 41 cents a share in the fiscal year.