« The Google Alternatives | Main | netIQ Pushes WebTrends to WebPosition Gold Users »
July 08, 2004
Yahoo! Announces Record Revenue
Yahoo! announced their fifth straight quarter of record revenue yesterady. Second-quarter revenue more than doubled to $832.3 million from $321.4 million in the same period a year ago. Profit rose to a record $112.5 million, or 8 cents a share. That's up from $50.8 million, or 4 cents a share, from a year ago.
After factoring in ``traffic acquisition costs'' -- the fees that Yahoo pays to other Web sites that carry its advertising -- Yahoo's revenue was $609.1 million, a 90 percent jump from the same period a year ago.
Wall Street also appears to be taking more seriously Microsoft's plans to build a competitive search engine. Investors dinged Yahoo's stock last week when Microsoft unveiled a new look for its MSN Internet search Web site and launched a beta version of its new search technology.
Rugles Website Marketing
However, Wall Street punished the Sunnyvale company in after-hours trading for not beating analysts' expectations (which expected Yahoo to generate sales of $610 million.)
The view among investors this week was that Yahoo needed to handily surpass analysts' expectations -- as it did last quarter -- to warrant a boost in its stock price.
Instead, the company's numbers came in under what some analysts expected, helping fuel a sell-off on Wall Street.
Posted by Basileios at July 8, 2004 07:46 AM
Trackback Pings
TrackBack URL for this entry:
http://www.rugles.com/mty/mt-tb.cgi/431