Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Taby who wrote (13494)	4/27/1999 9:43:00 PM
From: Vendit™	Read Replies (1) \| Respond to of 41369

AOL outdoes earnings expectations update Fueled by strong revenue growth, America Online today said it nearly doubled its earnings for the third quarter and beat analysts' expectations. America Online reported net profits of $117 million, or 11 cents per share, for the quarter ended March 31, excluding one-time events, compared with $39 million, or 4 cents per share, a year ago. Analysts had expected the online giant to post earnings of 9 cents per share, according to First Call. But whisper numbers by Wall Street had figures as high as 11 cents. Including charges and one-time gains, the company posted consolidated net earnings of $420 million, or 33 cents per share. This quarter marks the first one in which AOL's newly acquired Netscape Communications was folded into its financial operations. The figures compare with AOL's third-quarter loss of $78 million, or 8 cents per share, a year ago. news.com

To: Taby who wrote (13494)	4/27/1999 9:59:00 PM
From: Bill27	Respond to of 41369

Taby ; I like your thinking but am becoming very cautious lately. Hope you are right. Bill

To: Taby who wrote (13494)	4/27/1999 10:06:00 PM
From: Catcher	Respond to of 41369

cnbc listed a string of 5 or 6 numbers from the release and EVERY one of them was better than expected. so stock goes down in after hours. same situation with msft. apparently it takes a solid earnings report to help analysts see that a stock is overvalued.