Yahoo's quarterly earnings report came in $6 million below what The Street expected, and the stock is taking a beating as a result. While the numbers are still high ($875 million in revenue, a 44% gain over last year), the consensus estimate was $881 million, so the stock is down $3.73, or almost 10%, in after-hours trading. Also, expected third quarter revenue is below expectations, at $880-930 million. Even though the market is panicking, Yahoo did make the consensus estimate of 13 cents a share, so it bears worth repeating that it only missed the target by $6 million. Diversity makes me feel confident about the company, more than search market share. Google maybe winning search advertising far and away, but Yahoo is such a multi-talented company that it isn't going anywhere anytime soon. Nathan Weinberg writes the popular InsideGoogle blog.
Yahoo Misses Wall Street Estimates
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