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

Yahoo 2Q Net Falls 4.4% on Restructuring Costs

By Ben Fox Rubin Yahoo Inc.'s (YHOO) second-quarter income shrank 4.4% as the online media company saw restructuring charges weigh down its results, though contributions from its Asian assets continued to grow. The ailing Internet portal managed a coup against a major rival when on Monday it named long-time Google Inc. (GOOG) Web-search executive Marissa Mayer as its new chief executive, looking to bring in someone with deep technology experience to help turn the company around. Mayer becomes the company's third permanent CEO within a year. Carol Bartz was removed in September and Scott Thompson resigned in May amid a controversy over his flubbed academic credentials. The executive change creates renewed uncertainty over Yahoo's plans, as interim CEO Ross Levinsohn sought to refocus the company on online advertising, but he was overlooked for the permanent CEO spot. Major challenges for Yahoo's turnaround persist, including its declining ad business and a sputtering search partnership with Microsoft Corp. (MSFT). But, Yahoo should receive a major influx of funds as it moves to sell half its 40% stake in Alibaba Group Holding Ltd. back to the Chinese e-commerce company after a tumultuous seven-year partnership. In the latest quarter, Yahoo's core display-ad business reported 1.3% higher revenue after traffic-acquisition costs, which are commissions paid to partners. Search ad revenue improved 3.8% on the same basis. Yahoo reported a profit of $226.6 million, down from $237 million a year earlier. On a per-share basis, earnings were flat at 18 cents, due to fewer shares outstanding. Earnings in equity interests, which are mainly composed of its investments in Alibaba and Yahoo Japan, rose 65% to $180 million. Excluding $129.1 million in restructuring charges and other adjustments in the latest quarter, per-share earnings were 27 cents. Wall Street was expecting a 23-cent profit, according to a poll by Thomson Reuters. Total revenue slipped 0.9% to $1.22 billion, while revenue after traffic-acquisition costs improved 0.5% to $1.08 billion. The company's April guidance called for revenue after traffic-acquisition costs between $1.03 billion and $1.14 billion. Operating margin shrank to 4.5% from 15.5%. Shares closed Tuesday at $15.60 and were up 0.2% after hours. The stock is up 3.9% over the past three months. Write to Ben Fox Rubin at ben.rubin@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
07/13/201406:18:25MARKET SNAPSHOT: Tech, Bank Earnings To Test Economic Recovery
07/10/201412:04:35TECH STOCKS: Apple, Yahoo Lead Tech Retreat
06/30/201416:42:20MARKET SNAPSHOT: U.S. Stocks End Strong Quarter On Sour Note
06/30/201412:50:48MARKET SNAPSHOT: S&P 500 On Track For 6th Straight Quarterly...
06/30/201410:14:17MARKET SNAPSHOT: Stock Market Aims For Fifth Monthly Gain
06/26/201416:59:25TECH STOCKS: GoPro Doesn't Disappoint In Public Debut
06/26/201416:44:05TECH STOCKS: Zulily Rises, GoPro Awaits Public Debut
06/25/201416:20:26TECH STOCKS: Google, Zulily Gain In Mixed Day For Tech Stocks
06/20/201416:39:12TECH STOCKS: Oracle Losses Standout Among Tech Stocks
06/16/201416:52:09MARKET SNAPSHOT: U.S. Stocks Inch Up; Iraq Concerns Weigh
06/16/201416:35:31TECH STOCKS: Yahoo Slumps While Most Tech Stocks Rally
06/16/201411:29:03TECH STOCKS: Yahoo, Fusion-io Spearhead Tech Activity
06/16/201411:20:49MARKET SNAPSHOT: U.S. Stocks Inch Higher After Upbeat Data
06/16/201410:48:11Alibaba Gives New Details in Updated Filing -- 2nd Update
06/16/201407:54:37Alibaba Gives New Details in IPO -- Update
06/12/201418:01:10Hacker Indicted for Breaking Into Online Accounts of Bush, Others
06/11/201416:30:15TECH STOCKS: Tech Stocks Gain Behind Amazon, Synaptics
06/11/201411:01:10TECH STOCKS: Amazon, Synaptics Lead Tech Gains
06/06/201417:03:25TECH STOCKS: Apple Retreats On Last Day Before Stock Split
06/06/201411:13:09TECH STOCKS: Tech Stocks: Apple's Last Day Before Stock Split

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