The big report after the bell today came from Google (GOOG) (fundamental rank 29/30) and they smashed estimates, with no evidence of any summer slowdown. I can’t imagine what they will report after this quarter which is typically the busiest time for internet times. Just incredible numbers. Excluding one time charges, the company posted earnings of 1.36 share on revenue (after traffic acquisition costs) of 1.05 billion, good for an increase of 116% and 110% respectively. It will be interesting to see how Google’s numbers hold up as MSN, Yahoo (soon to release PPC system for small publishers called YPN) and many Google wannabe’s launch similar products. Google will have to continue to improve the Adsense and Adwords program and keep it innovative in order to defend its turf in this area and maintain this kind of growth. Especially considering it’s more than 90% of the company’s revenue. It will be very interesting to see how this industry unfolds in the coming years. No surprise that Google soared after the close and will break out to all time highs tomorrow.
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One of the highest ranked oil and natural gas companies in the database reported after the bell today. XTO Energy (XTO) [27/30], beat both wall st. estimates as well as the whisper number by reporting earnings growth of 95% on revenue of growth of 90%. The company has posted accelerating growth in the last 3 quarters. As is the case with just about every oil company, the stock is having trouble staying above the 50 day moving average, but should get a boost tomorrow. The stock is up just .25/share in after hours trading though.
The online image business appears to remain very strong as Getty Images (GYI) [rank 26/30] posted a 46% increase in earnings from the year ago period citing higher prices and volume. That beat analyst estimates by .03/share. Revenue was also strong in the quarter at 20% growth and topped analyst estimates by 1.4 million. The company continues to grow profit margins and has done so for the past 3 years. The stock is a bit after hours and is currently carving out a base on base pattern, but remains below support of the 50 day moving average.