LONDON (Brand Republic) - Excite@Home has warned, for the second time this year, that its results would be weaker than expected because of the advertising slump.
The California-based portal and ISP said its first-quarter loss would be 14-15 cents a share, compared with 13 cents a share forecast by Wall Street analysts. Revenue is expected to be $140m-$145m (£98m-£101.51m).
Excite has recently tried to cut costs by laying off staff, and chief executive George Bell said more action might be needed, including the sale of non-core media assets.
www.excite@home.com