acquisition costs

The Carl Icahn proxy battle with Yahoo appears to have been a slight distraction. Yahoo on Tuesday reported second quarter net income of $131 million, or 9 cents a share, on revenue of $1.35 billion excluding traffic acquisition costs.

Excluding items, Yahoo had earnings of $139 million, or 10 cents a share.

Google’s second quarter earnings missed Wall Street estimates prompting questions about the company’s ability to weather a dicey ad environment.

The search giant on Thursday reported net income of $1.25 billion, or $3.92 a share, on revenue of $5.37 billion excluding traffic acquisition costs (statement).

Excluding charges, Google reported second quarter earnings of $4.63 a share.

Business software maker SAP on Wednesday reported a steeper-than-expected drop in its first quarter profits, due mainly to acquisition costs and the slumping dollar.

The company said net income fell 22 percent to 242 million euros, or $376.7 million, from 310 million euros in the year-earlier quarter.

The latest ...

Google on Thursday allayed concerns about its paid click growth rate with first quarter earnings that topped Wall Street’s low expectations.

Google reported first quarter net income of $1.31 billion, or $4.12 a share, on revenue of $5.19 billion. Excluding traffic acquisition costs (TAC) of $1.49 billion, revenue was $3.7 billion.

Yahoo said Tuesday that its first quarter results are on target with the company’s guidance and provided a bullish outlook through 2010.

In a statement (Techmeme), Yahoo said that it expects to double operating cash flow over the next three years and generate revenue of $8.8 billion excluding traffic acquisition costs in 2010.