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Yahoo 2nd quarter revenue climbs 159%
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Commodity Spread Trading Yahoo! released its 2nd quarter results showing a 159 percent increase in revenue over the same period last year. Investors reacted negatively due to lower 3rd quarter estimates.
Revenue climbed 36 percent to $388.5 million from $285.3 million a year earlier. The Sunnyvale, Calif.-based company said net earnings in the latest quarter included a partial reversal of a deferred tax asset valuation allowance of about $13 million. For the fiscal fourth quarter ending June 2, Palm forecast revenue of $400 million to $405 million and adjusted earnings per share of 22 cents to 23 cents. Analysts, on average, have forecast revenue of $395.7 million and earnings per share before items of 21 cents.
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(AXcess News) Yahoo! Corp ( YHOO) said its third quarter revenues increased 47 percent for the period, reporting revenues of $1.3 billion compared to $907 million for the same period a year ago. search Internet company said gross profit for the third quarter of 2005 was $810 million, a 41 percent increase compared to $574 million for the same period of 2004.
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For the first quarter of 2003, the company expects revenue to be flat versus the fourth quarter 2002 level. First quarter gross margin is expected to be in the mid 60% range, and first quarter total operating expenses are expected to increase approximately $1 million from the fourth quarter 2002 level. On a per share basis, first quarter 2003 GAAP net income is expected to be a loss of approximately five cents per share. For the full year 2003, the company expects total revenue to be approximately $20 million, a 22% increase over 2002 revenue.
Betting Exchange Spread July 8, 2004 (AXcess News) Sunnyvale CA - Yahoo! (Nasdaq: YHOO) released its 2nd quarter results showing a 159 percent increase in revenue over the same period last year. Investors reacted negatively due to lower 3rd quarter estimates. Share price fell 11% Thursday morning on the news.
Stamps.com Reports Second Quarter 2000 Financial Results Second Quarter Revenue Grows 80 Percent SANTA MONICA, Calif. July 13, Stamps.com today announced that second quarter revenue was $3.7 million, an increase of 80 percent over first quarter revenue. cash charges was $34.4 million, or $0.72 per share based on the weighted average common shares outstanding of 48.0 million. term investments ended the second quarter at $333.6 million, or $7 per share.
Stock Spread Trading Revenue for the quarter was $832 million--up 159 percent over the $321 million posted in Q2 2003. Analysts had expected Yahoo to earn 7 cents to 10 cents a share on revenue of between $590.6 million and $627.5 million, according to Reuters Estimates. Yahoo posted a net profit of $112.5 million, or 8 cents a share.Yahoo was bullish in its annual estimates, giving a higher annual forecast. But tech pundits cautioned investors, saying the web search company's shares had rallied 35% over the last quarter and that investors should expect a pullback.
Online Spread Betting Economic fears sent Amazon (NASDAQ: AMZN) and Ebay (NASDAQ: EBAY) shares tumbling, which may have fueled some of the sell off in Yahoo.Gross profit for the second quarter was $535 million, compared to $275 million for the same period of 2003.Advertisement
Complete Guide Spread Trading Operating income for the second quarter was $149 million, compared to $63 million for the same period of 2003.
Betting Horse Racing Spread Terry Semel, chairman and chief executive officer said, "Yahoo!'s second quarter results represent another record quarter for the Company and demonstrate continued execution of our core priorities."
Low Spread Forex Trading "Yahoo! is benefiting from its diverse and balanced sources of revenue, which have well positioned the Company to deliver strong, consistent, and profitable growth," said Susan Decker, chief financial officer.Decker's department released estimates for the third quarter and full year, estimating revenue of between $610 to $650 million in the third quarter and $2,455 to $2,535 million for the full year.
Sport Spread Betting Operating income before depreciation and amortization is estimated to be $230 to $255 million for the third quarter and $945 to $995 million for the full year.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.
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