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Ask Jeeves Profit Rises 70%; Shares Fall

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From Bloomberg News

Ask Jeeves Inc., owner of Internet search sites including Ask.com and Excite.com, said third-quarter profit jumped 70%. The company’s profit forecast was lower than some analysts expected, and its shares fell as much as 17% in extended trading.

Net income increased to $10.7 million, or 19 cents a share, from $6.32 million, or 14 cents, the company said. Revenue more than doubled to $75.5 million from $27.2 million.

Ask Jeeves shares fell as much as $5.86 to $29.13 in extended trading. Earlier, they rose $2.57 to $34.99 on Nasdaq.

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