It appears that television advertising is following a different trend than many have expected. Advertising Age is citing data from a recent study (due out soon) from Nielsen indicating that its doing better than ever. Some may find this a bit surprising with the increasing popularity of DVRs and online video.
Google, Microsoft Miss Estimates
Earnings reports for both Google and Microsoft disappointed analysts today sending shares tumbling. In after-hours trading, Google is seeing the worse end of trader’s reactions with a nearly instant seven percent drop.
Google Kills Estimates
Google shares spiked by over 18 percent in after hours trading, about the same time the search giant’s earnings report hit. The dramatic rise is attributed to a trouncing of Wall Street estimates.Google reported revenues of $5.19 billion for Q1 2008, or $3.7 billion after traffic-acquisition costs, pulling in a non-GAAP earnings per share of $4.84. Analysts had predicted $3.61 billion in revenues and an EPS of $4.52.
Tracking Amazon Sales Rank, Obtaining Accurate Estimates
I have been a published author for over seven years now and if there is one thing I can’t stand about the industry its waiting!
Google Beats Estimates: Pulls $3.21 Billion
So Google’s a money making machine. We knew that already. We didn’t know, though we could have predicted based on the previous two quarters, how much Google would beat estimates this time around.
Semel: Internet Ad Estimates Off The Mark
Yahoo’s CEO Terry Semel told the Engage 2006 conference in London that estimates of the Internet advertising market do not account for the impact of ads outside of a PC.
Google Crushes Earnings Estimates
Google not only nearly doubled its earnings from the third quarter of 2005, but the company beat analysts expectations by about $50 million. The news sent GOOG shares soaring in after hours trading, rising $30 per share just an hour past closing to $456.52.
Yahoo Misses Wall Street Estimates
Yahoo’s quarterly earnings report came in $6 million below what The Street expected, and the stock is taking a beating as a result.