Yahoo! results beat estimates as revenue surges
Article Abstract:
Yahoo! exceeded 2nd qtr 1998 expectations by reporting earnings of $8.1 million, or 15 cents a diluted share, before one-time charges. Revenue of $41.2 million almost tripled the Internet-directory company's 2nd qtr 1997 total of $14.1 million. By comparison, a First Call consensus of analysts had projected Yahoo to earn nine cents a share before charges, on revenue of approximately $35 million. Analysts praised Yahoo's performance while adding that its average ad rates have plateaued at nearly $25 per 1,000 viewers after rising $1 or $2 early in 1998. Yahoo also announced plans to split its stock 2 for 1, effective Aug 3, 1998. Another move will consist of raising $250 million in a private equity investment by selling almost 1.4 million shares to Southbank's US affiliate. The sale to Japan-based Southbank, the largest current shareholder, will assist in financing future acquisitions.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Virtual reality: Web firms go on warehouse building boom
Article Abstract:
On-line retailers have decided to take it upon themselves to handle their own operations completely. Internet merchants have started building warehouses and are determined to be responsible for themselves. The only way to truly have a credible rating in the consumers eyes is to handle all aspects of the business by yourself. That way, each Internet retailer can truly say that they are on top of the whole process.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Amazon.com will go head to head with eBay, OnSale in online auctions
Article Abstract:
Amazon.com, having tackled the book, video, and music industry, is now planning to enter into the on-line auctioning business. This move will put Amazon.com in competition with other top on-line auction houses like eBay and OnSale.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: FCC rejects part of Texas phone rulings. Telecom victory is expected for cities; FCC prepares to let stand Troy, Mich ordinance on phone competition
- Abstracts: Intel sees significant revenue rise. Intel lowers profit, revenue predictions. Intel's net handily beats expectations; but the chip giant says margins will be lower in the current quarter
- Abstracts: Survey finds TV is major casualty of Net surfing. Record label to distribute music online. Courts beginning to make order on frontiers of cyberspace
- Abstracts: Japanese phone giant buys a U.S. stake. Ameritech to sell half of wireless business to GTE. Bell Atlantic and Airtouch stocks slip on uncertainty over merger
- Abstracts: U.S. and industry discuss data encryption. In a reversal, White House will end data-encryption export curbs. White House yields a bit on encryption