Yahoo! (YHOO): No Rally Caps
Yahoo! (YHOO) rallied like mad going into the close, rising as much as 4% starting around 2.30. It almost looked suspicious. The rally was a mistake. Earnings were inline with expectations, and the stock was down about 2% at 4.40…
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Yahoo! (YHOO) rallied like mad going into the close, rising as much as 4% starting around 2.30. It almost looked suspicious.
The rally was a mistake. Earnings were inline with expectations, and the stock was down about 2% at 4.40 PM New York time.
Revenues were $1,698 million for the second quarter of 2007, an 8 percent increase.
Revenues excluding traffic acquisition costs ("TAC") were $1,244 million for the second quarter of 2007, an 11 percent increase.Net income for the second quarter of 2007 was $161 million or $0.11 per diluted share The market expected that the company would earn 11 cents a share for the quarter on net sales of $1.24 billion, according to analysts polled by Thomson Financial.
Free cash flow was $328 million for the second quarter of 2007 compared to $358 million for the same period of 2006. Operating income for the second quarter of 2007 was $185 million, a 19 percent .
Douglas A. McIntyre
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.