Online ad specialist DoubleClick exceeded expectations in its fourth-quarter results, sending its share price up 2.27%.

Losses for the period narrowed from $104.7 million in Q4 2000 to $64m, despite revenues falling 27.3% to $96.1m. For the full year, losses stood at $265.8m (up 70% on 2000) and revenues of $405.6m (down 19.8%).

The results follow a year of cost-cutting, including redundancies and a withdrawal from its European media business.

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