amazing, yahoo makes .08 on net income of 4.28 million and has a price of almost $100/share. now if only asnd could match this earning growth with a similar p/e.......
Yahoo Doubles Wall Street Expectations In 1Q
****Yahoo Doubles Wall Street Expectations In 1Q 04/08/98 NEW YORK CITY, NEW YORK, U.S.A., 1998 APR 8 (NB) -- By Bob Woods, Newsbytes. Internet content concern Yahoo Inc. [NASDAQ:YHOO] said it recorded net income of $4.28 million or $0.08 per diluted share in the first quarter, double the $0.04 per share that analysts had expected, according to First Call.
In the previous quarter, Yahoo earned $2.57 million or $0.05 per diluted share, excluding acquisition costs related to Yahoo's buyout of Four11 Corp. And in the year ago quarter, Yahoo lost $740,000 or $0.02 per share.
First quarter revenues totaled $30.2 million, a 20 percent increase over revenues of $25.1 million reported in the fourth quarter, and 200 percent increase over the previous year's first quarter.
Yahoo's stock bounded upwards and nearly broke the $100 mark again on Wednesday, as investors anticipated the company's earnings release. Yahoo has beat The Street's estimates in the past few quarters, Newsbytes notes.
Shares of the company unofficially closed up $4 or 4.3 percent at $97.25 in very heavy trading. Yahoo had traded as high as $98.875 in late morning trading. |
