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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: MrThesp who wrote (13388)	4/27/1999 5:29:00 PM
From: Islander99	Respond to of 41369

Tuesday April 27 5:24 PM ET AOL Third-Quarter Earnings Beat Estimates DULLES, Va. (Reuters) - America Online Inc. (NYSE:AOL - news), the world's leading Internet service provider, Tuesday said it earned $117 million in its third quarter, beating Wall Street forecasts on a 66 percent increase in revenues. The Dulles-Va. based company reported earnings per share of 11 cents per diluted share for the quarter, compared to 4 cents per share in the same period last year. America Online, which exceeded 17 million subscribers in March, beat analysts' earnings estimates for a sixth straight quarter on a record $1.3 billion in revenues compared to $757 million in last year's third quarter. ''At first blush this looks like a good solid number. The stock was off today and I'd suspect we could see some of that reversed early tomorrow,'' said Guy Truicko, portfolio manager at Unity Management. America Online's advertising and commerce revenues, a key benchmark of Internet business performance, rose 119 percent to $210 million, and subscription revenues were up 50 percent to $869 million, the company said. Analysts had expected America Online to report third-quarter earnings of between 7 cents and 10 cents per share, with a consensus 9 cents-per-share forecast by 34 analysts reporting estimates to the research firm First Call Corp. ''We really were firing on all cylinders. We expect to see that continue in future quarters. Clearly, the Internet is coming of age and AOL is demonstrating its leadership in the sector,'' America Online Chairman Steve Case told Reuters. America Online closed down $7 a share at $155 in composite New York Stock Exchange trading ahead of the earnings release, giving back some of the gains from a day earlier that had been fueled by expectations of solid third-quarter results.

To: MrThesp who wrote (13388)	4/27/1999 5:30:00 PM
From: Hawaii60	Read Replies (1) \| Respond to of 41369

ARTHUR HOGAN, CHIEF MARKET ANALYST AT JEFFERIES & CO. ''(AOL) Beat estimates and it was right on the screws if you look at the whisper numbers. If you are going to look at the big 3, this is one of them and you want to look to them for leadership. It's very good for the technology sector, and clearly good news for technology tomorrow.'' Hogan said the whisper number, an informal, non-published estimate, as opposed to the figures published by a tracking service, was $0.11 a share. DONALD SELKIN, CHIEF MARKET STRATEGIST AT JOSEPH GUNNAR & CO. ''Well, the whisper number was around $0.11 a share. I think the stock will be all right, because it sold off today. So this number won't take the stock to a new high, but it should make back some of the losses today. The stock could probably get back into the $160's tomorrow.'' AOL is Selkin's top holding. VIKRAM KAPUR, VICE PRESIDENT OF RESEARCH AND SALES, GUZMAN &CO. ''Very strong. What you saw with AOL was a big run-up after the sell-off Monday and today we saw a bit of profit-taking ahead of the earnings. Tomorrow, we should see a pretty decent rise in (AOL's stock). I don't think anyone expected AOL to be below estimates, but this is a solid report.'' GUY TRUICKO, PORTFOLIO MANAGER, UNITY MANAGEMENT ''At first blush this looks like a good solid number. The stock was off today and I'd suspect we could see some of that reversed early tomorrow.''