Focus on Yahoo! Assets and Plans Over Past Earnings (YHOO)
Yahoo! Inc. (NASDAQ: YHOO) earnings are out and we again stress that the focus needs to be on the company’s strategy for the next year or two rather than just how many holes are in the trailing earnings. Jerry Yang…
The earnings are $0.25 adjusted earnings per share on $1.17 billion in sales if you back out the traffic acquisition costs. Revenue display outside of TAC was down marginally at $546 million and search revenue was $465 million on an ex-TAC basis.
As far as guidance, Revenue on an ex-Traffic acquisition cost basis is now expected to be in the range of $1.025 to $1.105 billion versus estimates of $1.078 billion.
Yahoo! shares closed up $0.01 at $15.69, its after-hours reaction has shares down about 1.4% at $15.69 and the 52-week trading range is $11.09 to $18.84.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
