ADVFN - Advanced Financial Network.
HOME» NASDAQ » Y » YHOO Stock Price » YHOO Stock News

Yahoo! Inc. Share News

 Yahoo! Inc. (mm) Stock Price
YHOO Stock Price
 Yahoo! Inc. (mm) Stock Chart
YHOO Stock Chart
 Yahoo! Inc. (mm) Stock News
YHOO Stock News
 Yahoo! Inc. (mm) Company Information
YHOO Company Information
 Yahoo! Inc. (mm) Stock Trades
YHOO Stock Trades

EBay 1Q Net Jumps 20% On PayPal Growth; 2012 Outlook Raised

DOW JONES NEWSWIRES EBay Inc.'s (EBAY) first-quarter profit rose 20% on continued strength in the company's payments business, prompting the company to boost its outlook for the year. Shares rose 4.5% to $37.50 after hours on the stronger-than-expected results. The stock was up 18% so far this year through Wednesday's close. The e-commerce operator raised its 2012 adjusted earnings forecast by 5 cents a share and lifted its full-year revenue target by $100 million, calling for a profit of $2.30 to $2.35 a share with revenue between $13.8 billion to $14.1 billion. The company also projected its second-quarter profit between 53 cents and 55 cents a share with $3.25 billion to $3.35 billion of revenue. Analysts polled by Thomson Reuters were projecting a 54-cent profit on $3.36 billion of revenue. EBay's core earnings have improved over the past year, led by strong growth in its online payments business. The company has also spent several years overhauling its online marketplace to increase its emphasis on fixed-price, high-volume merchants. The effort positions it more squarely as a competitor to Amazon.com Inc. (AMZN), which has benefited along with eBay from growing demand for online merchandise. At the same time, eBay has seen stronger growth from its smaller online-payments segment, which includes PayPal. Revenue in that segment rose 32%. PayPal is facing new challenges after it lost division chief Scott Thompson, who left to become Yahoo Inc.'s (YHOO) chief executive. New PayPal head David Marcus now leads the business as it works to convince major retailers to introduce in-store electronic-payment systems using its technology. The marketplaces segment--eBay's largest division--posted 11% higher revenue. Gross merchandise volume, the total value of goods sold on the website, grew 12% excluding vehicle sales. Overall, eBay reported a profit of $570 million, or 44 cents a share, up from $476 million, or 36 cents a share, a year earlier. Excluding stock-based compensation and other items, per-share earnings rose to 55 cents from 47 cents as net revenue increased 29% to $3.28 billion. EBay's cautious guidance in January projected a per-share profit between 50 cents and 51 cents with $3.05 billion to $3.15 billion of revenue. Gross margin narrowed to 70% from 71.4%. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; [email protected]

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
03/24/201717:20:12Statement of Changes in Beneficial Ownership (4)
03/21/201717:08:29Statement of Changes in Beneficial Ownership (4)
03/20/201717:14:03Initial Statement of Beneficial Ownership (3)
03/17/201714:43:00Yahoo's Marissa Mayer Gets Reprieve From Hacking Criticism...
03/17/201707:15:00Yahoo's Marissa Mayer Gets Reprieve From Hacking Criticism
03/17/201703:02:00How Hackers Manipulated Yahoo's Systems -- WSJ
03/16/201720:37:00Alleged Yahoo Hacker Has Evaded Previous Arrest
03/16/201703:02:00Alleged Hacker Flaunted Wealth -- WSJ
03/16/201703:02:00Russians Accused Of Yahoo Hack -- WSJ
03/15/201719:58:00Authorities Lay Out Yahoo Hack Spree
03/15/201718:41:00Yahoo Hacking Charges Cast New Light on Ties Between Russia's...
03/15/201718:27:00Alleged Yahoo Hacker Karim Baratov Flaunted Wealth Online
03/15/201717:11:01Statement of Changes in Beneficial Ownership (4)
03/15/201717:06:00Yahoo Hack: Are You Still at Risk?
03/15/201713:35:00Two Russian Spies Charged in Massive Yahoo Data Breach -- 2nd...
03/15/201713:21:00Two Russian Spies Charged in Massive Yahoo Data Breach -- Update
03/15/201712:17:00Four Men Charged in Connection with Yahoo Breach
03/15/201709:15:00Slam Dunk! Top Brands Score with Basketball Fans in New Campaigns...
03/15/201703:02:00U.S. Plans Charges In Breach At Yahoo -- WSJ
03/14/201723:45:00U.S. Officials Plan to Unveil Charges Tied to Yahoo Hack

Yahoo! Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US