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 Net Falls 4.4% on Restructuring Costs

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
09/16/201400:23:51MARKET SNAPSHOT: U.S. Stocks Open Lower; Yahoo Rises
09/15/201419:54:26MARKET SNAPSHOT: U.S. Stocks: Futures Flat As Investors Wait...
09/15/201409:44:04MARKET SNAPSHOT: U.S. Stocks: Futures Nudge Lower As Investors...
09/12/201416:40:35TECH STOCKS: Apple, EBay Gains Can't Blunt Other Tech Losses
09/12/201415:17:53TECH STOCKS: Tech Stocks On A Mixed Trading Path
09/11/201416:57:39TECH STOCKS: JDSU, Pandora Lead Broad Tech Gains
09/10/201416:40:43TECH STOCKS: Apple, Twitter Gains Stand Out Among Tech Stocks
09/09/201402:13:03TECH STOCKS: GoPro, Yahoo Lead Tech's Broad Advance
09/09/201402:09:40MARKET SNAPSHOT: U.S. Stocks End Mostly Lower; Yahoo Rallies
09/09/201402:03:09MARKET SNAPSHOT: U.S. Stocks Fall; S&P 500 Dips Below 2,000
09/09/201401:53:44TECH STOCKS: GoPro, Yahoo Pace Early Tech Gains
09/09/201401:49:28MARKET SNAPSHOT: U.S. Stocks Open Lower; Deals In Focus
09/09/201400:48:43MARKET SNAPSHOT: U.S. Stocks: Futures Slip; Multimedia Games...
09/08/201420:48:47U.S. Stock Futures Lower
09/05/201417:39:13TECH STOCKS: Apple, GoPro Gains Help Boost Tech Stocks
09/05/201411:39:24TECH STOCKS: Apple Among Few Gainers In Weak Tech Action
08/29/201419:35:31Apple's New Whiz Kids
08/28/201417:00:13TECH STOCKS: Techs Follow Market Down On Ukraine Fears
08/28/201414:13:56TECH STOCKS: Tech Stocks Retreat Amid Market's Ukraine Fears
08/27/201417:46:22TECH STOCKS: Facebook Leads Tech Stocks Lower

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