Yahoo! profits! drop! slightly!
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But the market expected it! Yahoo! today reported a slight drop in quarterly profits from last year, but a figure in line with previously lowered expectations. The company's second quarter results are the first dose of earnings to arrive since co-founder Jerry Yang replaced Terry Semel as CEO.â¦
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Slashed earnings estimate pulls down shares.
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Get on your feet... Yahoo! is taking some time out from worrying about what it's like to be a Microsoft tentacle to offload its damp squib music subscription service.â¦
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Yahoo! gets into the game with its latest acquisition.
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Plus: Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall...Sony profit up, forecast cautious.
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Yahoo Profit More Than Triples Thanks to Overture  Yahoo's quarterly profit more than tripled when compared to Q3 2003. The increase in Yahoo profit over this time period is largely attributed by the performance of Yahoo's search engine advertising service Overture. Yahoo posted net income of $253.3 million, or 17 cents ...
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When Yahoo posts fourth-quarter results after closing bell tomorrow, the company is expected to deliver a couple of disappointing announcements, including job cuts and a less profitable agreement with AT&T.
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Plus: Cisco posts higher quarterly profit...RealNetworks reports leap in quarterly earnings...Time Warner earnings perk up. Check back for latest.
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Yahoo! jumps into the music download biz while Ask Jeeves, Amazon soar; Oracle beats after the bell. NEW YORK (CNN/Money) - Bucking the broader market&#39;s trend Tuesday, Internet stocks rallied on Yahoo!
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Plus: IBM net income inches higher, despite legal bill...Nokia sees lower profit but strong sales...Adobe strong despite drop.
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Yahoo Inc.'s financial malaise dragged on during the second quarter as the Internet icon's profit slipped slightly and revenue growth lagged behind the pace of the online advertising market that it once led.
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Plus: Gateway trims loss in third quarter...EDS delays earnings...Amazon outlook disappoints...PeopleSoft exceeds targets.
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(InfoWorld) - A slowing U.S. economy may already be impacting Yahoo's Web advertising sales growth, the head of the company said Tuesday, a trend that does not bode well for other ad-supported Internet sites. "We're seeing some slowing in perhaps two of the largest sectors, both autos and financial services," said Terry Semel, chairman and chief executive officer of Yahoo, in response to questions at a Goldman Sachs conference. Advertising sales from both sectors have slowed down during the past three to four weeks, although both remain on a growth track. "They're growing, but they're not growing as quickly as we would have hoped at this moment in time," said Semel. The comments sparked a sell-off in Yahoo shares, which plunged 11.2 percent, or $3.25, to close at $25.75 each during normal trading hours. Other Internet stocks suffered from the comments, with Google shares falling 2.6 percent to $403.81, and eBay stock ending 3.3 percent lower to finish the day at $25.95. Yahoo loweredÂ its third quarter outlook to the lower end of its guidance. The company had forecast revenue, excluding commissions, to be in the range of $1.12 billion to $1.23 billion this quarter. A slowdown in advertising growth on the Internet could hurt the development of new Web sites in the near term, since so much content depends on advertising sales to support operations. But Yahoo was careful to note that it cannot tell whether the current slowdown is a sign of broader trouble or is limited to ads from the auto and financial sectors. The company also noted that while the weakness in advertising showed up in some of the most economically sensitive categories, it's not necessarily a sign of a slowing U.S. economy. "It's too early to tell if this is a sign of anything broader," said Susan Decker, head of finance at Yahoo, who attended the conference with Semel. An audio Web cast of comments by the two Yahoo executives can beÂ accessed here.
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Plus: Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall...Sony profit up, forecast cautious.
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SAN FRANCISCO -- Yahoo Inc. warned yesterday that slowing ad growth will depress its third-quarter results, marking the Internet powerhouse's latest letdown.
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InfoWorld - Yahoo&#39;s net income fell year-over-year in a quarter that saw&#160;Yahoo leadership change hands&#160;amid criticism that the company failed to capitalize on the explosive growth of the search-engine advertising market.
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Plus: Electronic Arts lowers outlook, shares fall...Sony profit up, forecast cautious...Matsushita profit up 22 percent...Amazon's profit up, margins squeezed.