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.