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Yahoo Tops Forecasts
Published by: anonym 2008-11-18

Yahoo delivered after the close on Wednesday with earnings and revenues that topped forecasts.

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Earnings of 10 cents a share beat estimates by a penny, and revenues of $356.8 million exceeded estimates of $337 million.

The company's fourth-quarter revenue guidance of $462-$502 million appeared to range from below to above analysts' estimates, factoring in the acquisition of Overture.

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Yahoo rose only modestly after hours because, well, at 137 times earnings, 21 times revenues, 9-13 times book value, and 89 times free cash flow, just how expensive can a stock get?

Also after the close, Sonus beat estimates and Emulex announced plans to acquire Vixel for $10 a share.

Oriental Bank quarterly net profit tops forecast::
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The broader market pulled back during the day after the indexes failed to clear last month's highs.

The Nasdaq fell 14 to 1893, the S&P 500 lost 5 to 1033, and the Dow gave back 23 to 9630. Volume declined to 1.24 billion shares on the NYSE, and 1.79 billion on the Nasdaq. Decliners led 17-14 on the NYSE, and 18-13 on the Nasdaq. Downside volume was 61% on the NYSE, and 51% on the Nasdaq. New highs-new lows were 317-5 on the NYSE, and 288-4 on the Nasdaq.

SAP surged 14% after raising guidance. The news boosted shares of Oracle by 3.5%.

IBM edged higher on SoundView comments that Big Blue may beat estimates when it reports earnings next week.

United Online plunged 12% on rumors that BellSouth may slash DSL prices.

Internet Initiative Japan soared 20% on hopes that it can regain Nasdaq compliance.

TiVo surged 14% on a deal with Fox.

Brocade gained 5% on an upgrade.

Borland fell 9% on a warning.

J2 Global rose 5% on an acquisition.

ScanSoft gained 9% on a deal with Microsoft.

CSG Systems plummeted 40% on an adverse ruling in a broadband arbitration case against Comcast.

Market Commentary: For our free daily market commentary and technical analysis, please visit the InternetStockReport.com home page at:

http://www.InternetStockReport.com.




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