Internet, Quarterly Earnings | featured news

Our parent company AOL has just released its quarterly earnings for Q1 2011, and it’s a mixed bag (again). Revenue came in at $551.4 million, which is better than most analysts had anticipated – the company was expected to earn $0.17 per share on revenues of $536.35 million. Actual earnings came in at $0.04 per share, down 86 percent.

Google Inc's stunning 54 percent spending surge in the first quarter spooked investors already worried its new CEO may take his eye off the bottom line to chase revenue growth.

The online travel website has seen better quarters, with higher taxes, increased spending on technology and content, and a push and pull between airlines and global distribution systems that took a toll in the last quarter of 2010. The stock was down more than 18% Friday at $21.06.

Amazon.com posted quarterly revenue that fell short of analysts' estimates on Thursday and its shares fell almost 10 percent.

AOL's earnings more than doubled amid gains from asset sales, though ad revenue dropped 27%. CEO Armstrong said AOL is on the path to recovery, with much of the revenue declines "self-inflicted."

Yahoo Inc delivered tepid third-quarter revenue growth and forecast weaker-than-expected sales in the fourth quarter as it continues to lose market share to rivals like Google Inc.

The online media company shows flat revenue and sees little growth ahead. Ouch. Yahoo! reported net income for the quarter ended June 30 of $213 million, or 15 cents per share, a 51% increase over the year ago quarter and beating Street’s consensus. Analysts’ consensus leading up to the quarterly earnings report had the online media company coming in at 14 cents per share on revenue of $1.6 billion. Though beating the predictions, Yahoo! failed to deliver impressive growth on revenue; posting the expected $1.6 billion this quarter, up 2% from the same period last year.