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; Andrew.FitzGerald@dowjones.com

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
01/29/201519:24:02MARKET SNAPSHOT: U.S. Stocks Turn Sharply Higher; Dow Gains Triple...
01/29/201519:18:05MARKET SNAPSHOT: U.S. Stocks Wrestle With Negative 2015 Outlooks;...
01/29/201519:17:07Alibaba Reports Disappointing Revenue Growth -- 4th Update
01/29/201513:32:48MARKET SNAPSHOT: U.S. Stocks Drop As 2015 Outlooks Set Negative...
01/29/201511:59:29MARKET SNAPSHOT: U.S. Stocks Aimless As Mixed Earnings Offer...
01/29/201509:02:42Alibaba Reports Disappointing Revenue Growth -- 3rd Update
01/29/201508:37:40Alibaba Reports Disappointing Revenue Growth -- 2nd Update
01/29/201507:57:22Alibaba Reports Disappointing Revenue Growth -- Update
01/29/201507:39:45Alibaba's Revenue Rises on Mobile Growth
01/28/201517:14:10U.S. Stocks End Lower
01/28/201516:51:43MARKET SNAPSHOT: U.S. Stocks Sell Off After Fed Statement
01/28/201515:28:17MARKET SNAPSHOT: U.S. Stocks Stumble After Fed Statement
01/28/201514:53:33MARKET SNAPSHOT: U.S. Stocks Fall After Fed Statement
01/28/201514:52:10U.S. Stocks Pare Gains; Apple Buoys Tech Sector
01/28/201513:41:51MARKET SNAPSHOT: U.S. Stocks Lose Steam In Choppy Trade
01/28/201513:40:40MARKET SNAPSHOT: U.S. Stocks Turn Lower Ahead Of Fed Meeting
01/28/201513:35:58MARKET SNAPSHOT: U.S. Stocks Rally As Apple Fuels Nasdaq's Outperformance
01/28/201513:31:37MARKET SNAPSHOT: U.S. Stocks: Nasdaq Futures Gain As Apple Jumps...
01/28/201513:09:41MARKET SNAPSHOT: U.S. Stocks: Nasdaq Futures Gain, But Others...
01/28/201509:43:09MARKET SNAPSHOT: U.S. Stocks: Techs Poised To Surge After Apple...

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad