Ok, let's see here. YHOO is not in a tax state yet (since it has carryover losses), so ignore them for the time being. Excluding the non-existant taxes, YHOO made 2.5 cents/share from operations, 4.8 cents/share total when you include the investment income.
Four11 accounted for about 800K in revenue in previous quarter, so I'd assume a similar to slightly greater amount this quarter. Would like to see the breakdown between ad revenue and other revenue.
Strong revenue growth was to be expected, based on seasonality and the fixed revenue streams (Amazon, electronic brokers, etc.) that kicked in big time this quarter. Don't believe you'll see such gains next quarter. What did suprise me was the growth in expenses (i.e., they grew revenues about 7 million but only 2 million flowed to net income, and this is with no taxes). Cost of sales are marginal, but marketing expenditures keep growing.
Saw in an article that an analyst from Robertson Stephens said the report was good, but not necessarily great. The biggest suprise to him was the hit per day as high as it was.
Would like to know if there was a conference call, and if so, what was said.
And in regard to the MCI deal, it's pretty much as I expected in terms of how it will be priced, who will do what, etc..
KJ |
