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Published on .

(May 2, 2001) -- Interactive consultant Viant, Boston, announced first-quarter financial results today. Revenue was $14.3 million, down substantially from the $25 million the company reported for the fourth quarter of 2000 and the $30.6 million it reported in the first quarter of last year.

Excluding restructuring charges of $16.7 million resulting from layoffs and office closings, Viant reported a net loss of $12.7 million or 25 cents per share for the first quarter. Last year, Viant reported net income of $5.6 million or 10 cents per diluted share for the first quarter. With the restructuring charges, the net loss was $29.5 million or 59 cents per share.

Shares of Viant closed today at $2.45, down 8 cents. The stocks had reached a 52-week high or $42.68. -- Adrienne Mand

Copyright May 2001, Crain Communications Inc.

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