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Yahoo's Revenue Soars 47% in Quarter; Profits Beat Estimates

Authored by Mark Hefflinger on October 19, 2005 - 10:17am.
Sunnyvale, Calif. - Buoyed by the success of its fee-based services and an increase in online advertising, Yahoo on Tuesday reported a 47% jump in quarterly revenue, though net income remained about the same as a year ago, when the company was helped by a large investment gain. The company reported a profit of $253.8 million, compared with $253.3 million a year ago, when it realized a $129 million gain on the sale of Google shares. Earnings per share of $0.17 topped analysts' estimates by $0.03, according to a survey by Thomson First Call. The big story, however, was the company revenue, which rose from $906.7 million to $1.33 billion. The news helped send the company's stock up nearly 1% in after-hours trading.
tags: Yahoo | Revenue Soars | Quarter | Profits |

Google Says Profits Quadrupled in Quarter

Authored by Mark Hefflinger on July 21, 2005 - 8:58am.
Mountain View, Calif. -- Buoyed by continued strength in the online advertising sector, Googleon Thursday reported a quarterly profit that quadrupled from a year ago. The company said that its net income was $342.8 million, or $1.19 a share, compared with net income of $79.1 million, or $0.30 a share, for the same period last year. If not for a one-time charge to account for employee stock options, the company's earnings per share would have been $1.29-$1.35, well above analyst estimates of $1.21, according to a survey by Thomson first Call. Revenue was $1.38 billion, up from $700.2 million. "Google had another solid performance," said Eric Schmidt, the company's CEO. Still, investors not satisfied with the results sent company shares down 8% in after-hours trading.
tags: Google | Quarter | Profits Quadrupled |

TiVo Reports Tripling Subscribers in Quarter, Wider Net Loss

Authored by Mark Hefflinger on August 30, 2004 - 11:25am.
San Jose, Calif. -- TiVo, a provider of digital video recorder services, announced that it added 288,000 new subscribers during the second quarter, more than triple the number it added in the same period last year, and said its total installed base has more than doubled in the past twelve months. For the quarter, the company posted a wider net loss ($10.8 million) despite a 49% jump in revenue to $39.8 million. Of the new subscribers added during the quarter, 225,000 were generated from TiVo's relationship with satellite TV firm DirecTV, which now accounts for over one million of TiVo's 1.9 million total subscribers. Analysts have made much of TiVo's continued dependence on DirecTV, given that the company sold its 4% stake in TiVo in June.
tags: Reports | Subscribers | TiVo | Net Loss | Quarter | Wider |