To: Herschel Rubin who wrote (4655 ) 10/7/1999 2:14:00 AM From: Herschel Rubin Respond to of 10027
Some after-market upside earnings surprises may drive the market (and internet stocks) again tomorrow: Yahoo's $0.14 EPS reported after the close blew past concensus estimates of $0.09. This should light a fire under the internet sector.cbsmarketwatch.com SANTA CLARA, Calif. (CBS.MW) -- Yahoo delivered with flying colors Wednesday, exceeding earnings expectations for the 10th straight quarter as sales soared 134 percent and profits blew away even the most optimistic projections. Shares of Yahoo (YHOO: news, msgs) rocketed to 182 in after-hours trading on the news. Prior to the report, Yahoo closed up 2 7/16 at 175 3/4 in Nasdaq trading. Yahoo reported third-quarter earnings of $40.4 million, or 14 cents a share, excluding merger-related charges from its Broadcast.com acquisition, topping analysts' consensus estimate of 9 cents. In the same period a year ago, it earned 5 cents a share. _________________________________________________________ Advanced Micro Devices -72c vs -97c First Callinteractive.wsj.com "AMD said its third-quarter loss came to $105.6 million, or 72 cents a share, compared with a year-earlier profit of $1 million, or one cent a diluted share. Analysts' consensus for the latest period had been a loss of 97 cents a share, according to First Call/Thomson Financial. Revenue declined by 3.4% to $662.2 million from $685.9 million." ________________________________________________________cbsmarketwatch.com NEW YORK (CBS.MW) -- Ebbing concerns over rising interest rates spawned a potent rally in U.S. stocks Wednesday, with the Internet group exploding for gains not seen in nearly five weeks. "A lot of fresh money has been going into the Net names," said Ben Marsh, managing director and head of equities trading at Adams Harkness & Hill Inc. "The whole group has a much better feel." ___________________________________________________________ Looks like Volume and Volatility is returning to the markets in October! MER & INTC report on next Tuesday the 12th. BTW, does anybody have any comment on my post #4655 yesterday about NITE and Susquehanna, the options company merger that was mentioned in the WSJ? Seems like we should hear something about this sooner or later as Pasternak mentioned it in the Q2 Conf Call.