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With the stock market crashing and Google’s shares at the lowest point they have seen in a few years, Revenues for the third quarter of 2008 remain high. The quarter ending Sept 30 saw total revenues reaching $5.54 billion.

After paying out commissions and crunching the figures, the end result comes in at $4.04 billion, $10 million less than the expected $4.05 billion. Read more…

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Monday, September 29th, 2008

Google Shares Drop Below $400

Google shares are at a considerable low today. They opened with a value of $420 and by 12:26pm ET, had dropped below the $400 mark to $396.29 (according to a Google search for “goog”)

Google Shares, Sept 29, 2008: 12:26PM ET

At one point the stock had reached a new 52 week low of $395.34 – a far cry from the 52 week high of $747.24 set in November of last year. That’s a drop of more than $350 since the peak which is a lot of coin for all serious Google shareholders. Read more…

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Tuesday, September 23rd, 2008

August Search Marketshare

The latest search market share figures are in at Nielsen, ComScore, and HitWise, and, for the most part, Google continues to rise.

Depending on which provider you prefer, Google saw yet another increase in market share in August as did Yahoo. MSN has dropped according to all three providers. Read more…

24/7 Wall Street wrote a fascinating article today describing how Microsoft could quite easily buy its way on to far more computer screens for much less than buying Yahoo; there are powerful search engines that represent many of the Chinese, Russian and Czech viewers. It is a great short read and the economics appear to make sense. Read the article here.

Yahoo has their second quarter shareholder conference call Tuesday evening and the numbers are in.

For Q2 of 2008 Yahoo’s Revenues were $1.79 Billion, representing a 6% increase over 2007 Q2 Results. Their cost of revenues were also up substantially resulting in a gross profit up by only $18 million compared to 2007. Granted that a profit of more than a Billion dollars is nothing to sneeze at, but $18 million in growth is really peanuts in this multi-billion dollar industry.

For a full rundown of all the figures or to listen to the conference call, visit Yahoo Investor Relations.

Google’s earnings are in after the second quarter report was issued yesterday. While their net income is up from the same period in 2007 by approximately $325 Million (925.1 Million in Q2 of 2007, 1.25 Billion in Q2 of 2008), this is not as high as was expected – Wall Street was expecting to see $4.74 per share – actual earnings were $4.63 per share.

With the economy down on its luck Google still managed to make more than $300 Million – roughly a 35% increase over the same period last year.

Microsofts profits for Q2 are also up by roughly 46 cents a share. They saw earnings in Q2 of 2007 at $3 Billion, and an increase of 42% to $4.3 billion for 2008. These are impressive earnings, however, Microsoft’s online business did not help much in terms of this profit. Compared to 2007, Q2 of 2008 actually saw a loss of $488 Million!

Had Microsoft’s Internet division actually turned a profit, they would have achieved Wall Streets estimate of 47 cents per share, rather than their actual 46 cents.

Yahoo has not yet released their Q2 Earnings for this year. Their shareholder conference call to discuss earnings is scheduled for July 22 at 5:00pm ET.

comScore released the latest figures for search engine rankings and their respective market share Friday, and Google has actually seen a drop! For all you Yahoo and Microsoft fans out there, don’t get too excited, it’s quite small to say the least.

For June 2008 Google has shown a 61.5% hold on market share, down 0.3% from May of 2008. Yahoo also showed a 0.3% change, only in the positive direction moving from 20.6% up to 20.9%. Microsoft had the biggest leap of a whopping 0.7% up from 8.5% to 9.2%.

When comparing numbers from June 2007 with June 2008, Google has seen a sizable gain stealing users from MSN and Yahoo. In the past 12 months Google has seen an increase of 6.6% with Yahoo and Microsoft both losing, 2.9%, and 3.1% respectively.

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Friday, April 25th, 2008

Yahoo's 1st Quarter of 2008

In the first quarter of 2008 earnings are up, employees are down, Microsoft started its attempts at a takeover, and Yahoo still found time to get into bed with Google (although the U.S. Justice Department is still out on that one).

(Note: this posting was originally aired in this week’s StepForth Weekly Newsletter)

First quarter earnings for Yahoo were higher than most experts had predicted. Sales rose by 9 percent to $1.8 billion, with an increase in net income by a sizable 282% to $542 million, compared with $142 Million for the same period in 2007. These profits were largely in thanks to Yahoo’s investment in the initial public offering of Alibaba.com which accounted for $401 million. Read more…

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Friday, January 25th, 2008

Google Shares Down more than 20%

On Dec 26, 2007 Google shares closed at $710.84. Today one short month later, Jan 25, 2008, Google closed at $566.40. That is huge drop, more than 20% over a one month period, and I am sure some investors are feeling the pinch on this one. Back in November Google peaked at around $741 – I feel sorry for anyone who bought on that day.

I am no financial expert – in fact far from it, but I am pretty sure this is bad. That said, they will recover and break back into the $700+ range – right? I would be surprised if they didn’t, although I have been surprised before.

Wallstrip published a great newscast heralding, with some disbelief, that Microsoft’s stocks had just reached a 5 year high. The video is worth the watch and I followed it up with my less than glowing opinion on the mega-corporation’s current path.

Read more…

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