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Yahoo Profits Soar
By Andy Beal
Expert Author
Article Date: 2005-04-19
Reuters reports that Yahoo's quarterly results were much better than expected. "It looks like search revenue was particularly strong for Yahoo ...
... which should bode well for Google," said Mark Mahaney, an analyst with American Technology Research.
Yahoo posted net income of $205 million, or 14 cents a share, in the first quarter, up from $101 million, or 7 cents a share, a year earlier.
Excluding payments that Yahoo makes to sites that carry its Web search ads, net revenue was $821 million, up 49 percent from $550 million. Total revenue rose 55 percent to $1.2 billion.
Analysts on average had expected the company to post a net profit of 11 cents a share on net revenue of $798 million, according to Reuters Estimates.
Eyes now turn to Google, which announces its results on Thursday.
Reuters article: Yahoo Profit Up on Web Ads, Stock Rises
About the Author:
Andy Beal is President & CEO of Fortune Interactive a full-service interactive marketing agency specializing in search marketing and blog marketing. Considered one of the world's most respected interactive and search engine marketing experts, Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian. You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com.
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