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Ask Jeeves Q1 Revenue Doubles, Profit Beats Expectations, Stock Falls

No. 4 (or 5) search engine Ask Jeeves posted quarterly profits that beat expectations, but its shares fell (less than one percent) after it forecast Q2 earnings below Wall Street targets. Q1 revenue soared to $94.9 million from $39.2 million. Q1 profits were $18.1 million, or 26 cents a share, compared with year-earlier profits of $13.4 million, or 23 cents a share. Ask Jeeves, to be bought by Barry Diller's InterActiveCorp, said it sees Q2 revenue of $94 million and net income of 21 cents a share. Analysts' target was 23 cents a share.

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