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The company now expects revenues for the second fiscal quarter to drop 5.0% to 10.0%.
DoubleClick reported a net loss of $5.1 million for the second fiscal quarter on "system revenue" of $44 million.
We will report, in detail, on the progress we are making when we issue our results for the second fiscal quarter of 2001 later this month".
The media leviathan said current trends in ad revenue growth were expected to continue for the second fiscal half, but costs for Fox News would likely rise in the event of war in Iraq.
Earlier this month, tech bellwether Cisco likewise revised its outlook for the second fiscal quarter of 2009, projecting sales to drop 5% to 10% instead of growing 7.5% to 9.5%.
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Shares of the company, which is based in Lawrenceville, Ga., fell $3.77, to $21.24, The company said Thursday it could not predict sales for the first fiscal quarter ending in September or for fiscal 2002.
The new standard will take effect for fiscal years ending after Dec. 15, 2003, and for the first fiscal quarter of the year after initial application of the annual disclosure requirements.
"Posting an operating loss for the fourth fiscal year running is unacceptable," he stated.
A consensus of industry analysts had projected that revenue for the first fiscal quarter would be $4.86 billion.
Tyco also said it expected to earn 63 to 65 cents a share from continuing operations, excluding special items, for the first fiscal quarter of 2010.
Last week, Mr. Frankfort was back in New York, where Coach announced a 34 percent jump in profit for the first fiscal quarter of 2011.
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