Thursday, July 15, 2004
Google's next earnings report in spotlight:
"IPO likely to update financials by Aug. 16
By Steve Gelsi, CBS.MarketWatch.com - Last Update: 4:09 PM ET July 14, 2004 [ Page 1 | 2 ]
NEW YORK (CBS.MW) -- Google is expected to outpace rival Yahoo in its next earnings report, due out in August, but the company's eagerly awaited IPO could hit a speed bump if it fails to keep up with its larger rival.
Yahoo's second-quarter net income figure of $113 million climbed 11.6 percent from $101.2 million reported in the first quarter. See full story.
The Internet firm's (YHOO: news, chart, profile) second-quarter revenue figure minus distribution costs was $609 million, up 10.7 percent from $550 million in the first quarter.
To keep pace, Google would have to post second-quarter net income of about $72 million and revenue of $433 million, up from its first-quarter results of $64 million in net income and $390 million in revenue..."
"IPO likely to update financials by Aug. 16
By Steve Gelsi, CBS.MarketWatch.com - Last Update: 4:09 PM ET July 14, 2004 [ Page 1 | 2 ]
NEW YORK (CBS.MW) -- Google is expected to outpace rival Yahoo in its next earnings report, due out in August, but the company's eagerly awaited IPO could hit a speed bump if it fails to keep up with its larger rival.
Yahoo's second-quarter net income figure of $113 million climbed 11.6 percent from $101.2 million reported in the first quarter. See full story.
The Internet firm's (YHOO: news, chart, profile) second-quarter revenue figure minus distribution costs was $609 million, up 10.7 percent from $550 million in the first quarter.
To keep pace, Google would have to post second-quarter net income of about $72 million and revenue of $433 million, up from its first-quarter results of $64 million in net income and $390 million in revenue..."
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