In advance of the earnings call, any bets on how high GOOG can go today on Wall Street? Analysts have high hopes, so to speak, as tipsters come rolling in with unbelievable numbers for Q4 2006.
The last studies and figures show that the gap between the pay of a FTSE 100 company's chief executive and that of a regular worker has widened to its highest level this decade.
Google not only nearly doubled its earnings from the third quarter of 2005, but the company beat analysts expectations by about $50 million. The news sent GOOG shares soaring in after hours trading, rising $30 per share just an hour past closing to $456.52.
Google continued its redemption path after 2005's year-end earnings miss by exceeding analyst expectations for a second straight quarter. "Exceed" is a mild term. A $2.46 billion quarter is a bit beyond "exceed."
Computer Associates did it again - they have to restate earnings.
Although revenue increased by 35 percent compared to the same quarter last year, net income for eBay moved down by three percent as stock-based compensation expenses impacted the bottom line.
A strong quarter for Yahoo returned revenue of $1.08 billion driven by the company's strength in brand-name advertising, which offset softer returns on the paid search side of the business.
During its earnings announcement, Google noted how higher than expected taxes caused the company to miss Wall Street expectations.
The VoiceOne Communications unit of VoIP Inc. signed a pact with Google in September 2005, and Google began implementing services from the company the following month.
After-hours trading in shares of the search advertising company declined slightly from the previous close, down $1.02 to $425.80.
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