Earnings: Yahoo Disappoints For Q3But How Could It Do Anything Else?

This story was written by Staci D. Kramer.
It's hard to see how Yahoo (NSDQ: YHOO) could avoid disappointing given a stock price seriously below the amount offered for it by Microsoft (NSDQ: MSFT) earlier this year and the vast number of people with emphaticand differingopinions about what the company should do. In this environment, coming in even a percent ahead on revenue could be seen as a plus for some companies. Not so for a company but that's been asking for patience to right itself for a matter of years now. Yahoo brought in $1.786 billion in revenue, up one percent over the same quarter last year. Excluding traffic acquisition costs, revenue rose 3 percent to $1.35 billion over Q307. Net income was slightly higher than anticipated but it was $123 million, or 9 cents per share, compared with $153 million or 11 cents per share in Q307. On the plus side, it was on the plus side. That may be one reason shares are up nearly 6 percent after hours. More to come.

Earnings Release | Webcast (5 p.m. eastern) | Slides | Financial Trends


By Staci D. Kramer

Comments

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

Download
The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App