Picayune Item: Mississippi News Near the Gulf: Hitech
Those factors spooked investors driving Yahoo shares down 195 or nearly 6 percent to in trading Thursday on the Nasdaq Stock Market The stock had absorbed a worse beating in Wednesdays extended trading plunging nearly 12 percent after Yahoo released its results and updated its guidance
The company projects its revenue this year will range from 246 billion to 254 billion only slightly above an estimate of 241 billion to 252 billion made three months ago Those revenue estimates exclude the money Yahoo pays other Web sites in its advertising network...
Profit doubles at Yahoo, but investors want more
Yahoos profit more than doubled in the second quarter driven by acquisitions and a surging online advertising market But the numbers in a throwback to the dotcom glory years only matched Wall Street estimates and investors hoping for much better results pushed the companys shares down
In the first quarter Yahoos results buoyed by a rapidly growing market for Internet advertising were surprisingly strong and many investors were looking for a repeat in the latest period But the company did not deliver that and only slightly raised its forecast for the full year
Yahoo shares were down 186 or 57 percent at 30...
La Crosse Tribune - Ap
Yet Yahoo has consistently beat its guidance in recent quarters and Wednesday the company also didnt raise its revenue outlook as aggressively as it has in the past
Those factors spooked investors driving Yahoo shares down 195 or nearly 6 percent to in trading Thursday on the Nasdaq Stock Market The stock had absorbed a worse beating in Wednesdays extended trading plunging nearly 12 percent after Yahoo released its results and updated its guidance
The company projects its revenue this year will range from 246 billion to 254 billion only slightly above an estimate of 241 billion to 2...
Great expectations
Watching the reaction of investors to the latest quarterly results from Yahoo you could be forgiven for wondering what the stock markets problem is After all the online advertising and search colossus saw its revenue climb by almost 160 per cent over the same quarter last year and its profit almost doubled So why did the shares sell off so sharply Because everyone expected the company to beat analysts estimates ampndash and for confirmation of that all you need to do is look at Yahoos stock price
Before falling by more than 7 per cent Thursday Yahoo shares had climbed by more than 60 per cent from their low of about 22...
The Daily Dispatch News Story
Yahoo Inc more than doubled its profit from a year ago but the Internet giants results still worried some investors accustomed to even more robust earnings growth and rosier management forecasts
Yahoo earned million or 8 cents per share up from 508 million or 4 cents per share at the same time last year Revenue for the quarter soared to million from million last year
Both figures were in line with estimates from analysts surveyed by Thomson First Call...