Yahoo 2Q profit dips 2 percent
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Yahoo Inc.'s second-profit slipped slightly while revenue growth remained lackluster, extending a malaise that prompted the Internet icon to replace its chief executive recently.
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Internet media company Yahoo Inc.  on Tuesday reported a dip in quarterly profit, weighed down by weak display advertising, and gave a weaker-than-expected forecast through the end of 2007.
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The soup maker said its second-quarter profit slipped 3.9 percent to $274 million even though its sales rose.
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Yahoo Inc.'s third-quarter results will be hurt by what appears to be a slowdown in the growth of auto and financial advertising, the Internet company's chief financial officer said Tuesday. Its stock fell 12 percent.
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China's biggest Internet portal  Sina Corp.  posted a lower quarterly profit on  Wednesday due to charges, but revenue beat expectations as  online advertising sales grew, and the stock rose 2 percent.
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FedEx Corp  reported on Thursday a higher quarterly profit despite a slowing U.S. economy, but lowered its full-year earnings outlook, sending its shares down more than 2 percent.
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Yahoo&#39;s second-quarter profit slipped slightly while revenue growth remained lackluster, extending a malaise that prompted the Internet icon to replace its chief executive recently.
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Second-quarter profit dropped 16 percent, hurt in part by costs associated with revamping its consumer electronics return policy.
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Quanta Computer Inc., the world&#39;s biggest notebook computer maker, reported an unexpected 7.2 percent decline in second-quarter profit.
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U.S. Bancorp said its second-quarter profit declined 3.7 percent after a strong gain a year ago.
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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Yahoo Inc.  reported a  dip in quarterly profit on Tuesday as corporate advertisers  spent less on its online ads, and the company gave a  weaker-than-expected forecast for the rest of 2007.
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New York, August 28: Yahoo Inc said on Saturday it sold $191 million in Google Inc stock in that company&#39;s Initial Public Offering, cashing out some of the 2.7 million shares Google gave Yahoo this month to settle two disputes.
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DuPont Co. , the No. 2 U.S.  chemical company, on Tuesday reported lower-than-expected  second-quarter profit due to lower U.S. volumes coupled with  higher energy and raw material costs.
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Electrolux, the world&#39;s leading electrical appliance maker, reported a 53.2 percent fall in second quarter net earnings that it attributed to a rise in raw materials costs and delays in new product launches.
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DuPont Co.'s  second-quarter  profit fell as price hikes for its products failed to offset  increases in energy costs, the No. 2 U.S. chemicals maker said  on Tuesday.
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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.