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US Internet companies predict stronger Q2

13 июля 2010

U.S. Internet companies are expected to post stronger second-quarter results than those reported a year earlier as the technology sector continues to be a vanguard of economic recovery.

Many have taken advantage of the turnaround to snap up small companies and enter new partnerships in such niche areas as social-network gaming or mobile comparison shopping.

In the previous period, Google Inc. and Yahoo Inc. both relished a rebound in advertising dollars. Online retailers eBay Inc. and Amazon.com Inc. rode a revival of consumer spending to strong results, but both gave sobering outlooks for the most recent period. However, economic data in the most recent period suggest the pace of economic recovery in the U.S. will be slow, and companies with a wide global presence face increased headwinds from the stronger dollar. Analysts have been reducing their estimates for Google, eBay and Amazon in recent weeks because of their foreign-exchange exposure.


Google Inc. - reports 15 July

Wall Street Expectations: Analysts surveyed by Thomson Reuters forecast earnings of $6.54 a share on $4.99 billion in revenue excluding traffic-acquisition costs, or commissions paid to marketing partners. For the same period a year earlier, the company reported earnings of $4.66 on adjusted revenue of $4.07 billion.

Key Issues: After the previous quarter solidly confirmed the return of large advertisers, Google indicated it would shed its recession-driven austerity and spend aggressively to recruit, which worried investors. Eyes will also be on the Internet search giant's costs per click and online-ad pricing, which appeared to be under strain as Google expands its geographic footprint. Updates on impacts from its policy shifts in China will also be closely watched.

Yahoo Inc. - reports 20 July 20
Wall Street Expectations: Analysts predict 14 cents in earnings per share and $1.16 billion in revenue excluding traffic-acquisition costs, up from 10 cents and $1.14 billion, respectively, a year earlier.

Key Issues: Yahoo has also benefited from reviving ad dollars. A sharp increase in display ads propelled the company in the first quarter to its best results since Carol Bartz took the helm to execute a turnaround.
As revenue grew.

Источник: Total Telecom

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