estimates

I have been a published author for over seven years now and if there is one thing I can't stand about the industry its waiting!

So Google's a money making machine. We knew that already. We didn't know, though we could have predicted based on the previous two quarters, how much Google would beat estimates this time around.

Yahoo's CEO Terry Semel told the Engage 2006 conference in London that estimates of the Internet advertising market do not account for the impact of ads outside of a PC.

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.

Yahoo's quarterly earnings report came in $6 million below what The Street expected, and the stock is taking a beating as a result.