For the coming quarter, the company is targeting revenue of $1.125 to 1.225 billion versus the Thomson Reuters figures of $1.26 billion. The pre-TAC revenue appears to be guided to $1.4 to $1.53 billion.
The company’s description of the quarter is a “solid quarter with good display advertising revenue growth” that was followed by operating income growth and margins of nearly double a year ago.
The company also noted that it had “dramatically” increased its share buybacks and it now has acquired more than 7% of the common shares in 2010 alone. the company also ended the quarter with some $3.46 billion in cash and equivalents. If the company keeps buying back stock at that rate, it will be a private company in roughly 10 years.
Yahoo! closed down 2.7% at $15.49 on the day, but the stock is up marginally around $15.53 in the after-hours session. This one looks ‘good enough’ or at least it would had the shares not been up around persistent buyout rumors and reports of buyouts being considered.
JON C. OGG
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