Research

Tuesday, January 04, 2005

Yahoo, Google Stocks Up on Upbeat Analyst Forecast, Reuters, 3 Jan 2005

“Shares of Internet search companies Google Inc. (Nasdaq:GOOG - news) and Yahoo Inc. (Nasdaq:YHOO - news) rose on Monday after Goldman Sachs raised its fourth-quarter estimates for both companies. Google gained as much as 5.15 percent and Yahoo rose as high as 3.3 percent in Nasdaq trading after Goldman Sachs increased its forecasts, citing strong Internet advertising trends…Goldman Sachs said it was maintaining its forecast that Yahoo would record earnings of 11 cents a share, or 13 cents a share on an adjusted basis, for the fourth quarter. It said it was raising its quarterly revenue forecast to $773 million, from $747 million previously.�

Full story at http://story.news.yahoo.com/news?tmpl=story2&u=/nm/20050103/wr_nm/tech_internet_stocks_dc

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