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Reply #4: Yahoo! shines, Wall Street shrugs [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-05 05:35 AM
Response to Reply #3
4. Yahoo! shines, Wall Street shrugs
NEW YORK (CNN/Money) - Internet stocks can hardly be called boring and predictable. But when Yahoo! reported better-than-expected third-quarter sales and earnings on Tuesday afternoon, Wall Street just shrugged.

Yahoo! posted sales of $932 million, excluding traffic acquisition costs or TAC, which is advertising revenue it shares with affiliate partners. That was 42 percent higher than a year ago and ahead of analysts' expectations of $917 million.

And earnings, excluding a one-time gain from the sale of investments, were 16 cents a share, nearly 80 percent higher than the same period last year and two pennies per share better than consensus estimates.

What's more, the Sunnyvale, Calif.-based online search and media company said that sales for the fourth quarter, excluding TAC, would be between $1.032 billion and $1.082 billion. That's roughly in line with Wall Street's forecasts of $1.06 billion. If Yahoo! hit the midpoint of its sales guidance, it would represent growth of 35 percent from a year ago.

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