Second-quarter revenue, excluding money passed to partner sites, will be as much as $1.09 billion, Sunnyvale, California, based Yahoo said yesterday on its website. Analysts on average had projected revenue of $1.11 billion, according to data compiled by Bloomberg.
First quarter net income attributable to Yahoo increased 36 percent to $390.3 million, or 35 cents a share, from $286.3 million, or 23 cents, a year earlier, the company said in a statement.
Profit excluding 3 cents related to stock-based compensation was 38 cents a share, compared with 27 cents a year earlier, Yahoo said. The company began excluding stock-based compensation from earnings per share in the first quarter. Analysts had estimated 25 cents, on average, according to data compiled by Bloomberg.
I normally dont respond to the obvious intellectually challenged,
but that would be wonderful news.
Then Google comes in at 40 bucks a share and buys them
Maybe thats why they are buying 40 million bucks worth of their own stock last quarter, eh?.
Great info!!!! Thanks for the heads up.
The worse yahoo does the more lucrative it becomes..