U.S. Internet giants are expected to report strong revenue and profit growth for the final quarter of 2005, driven by the ongoing shift in advertising and retail dollars to the Web and goosed by the
holiday rush. Following a rosy holiday season, the American Internet giants are expected to report massive revenues for the final quarter of 2005, according to Dow Jones. Since online ad spending and
retail sales leapt forward at double digit percentage increases, surpassing offline growth, analysts expect big numbers from the likes of Google, Yahoo!, eBay, and Amazon.com. A Goldman Sachs analyst
expects Google's fourth quarter performance to be between 20 and 30 percent higher than the third quarter. Accordingly, Google stock rose again, reaching a new all-time high of $475.11 last Wednesday,
which is 175 percent higher than its 52 week low of $172.57 on March 14. Yahoo! will be the first major Internet company to report its results for the fourth quarter and for the year overall, and
analysts predicted similarly strong quarter over quarter growth for the company.
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