Bellwether stock #10: Yahoo! (YHOO) - Louis Navellier

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Bellwether stock #10: Yahoo! (YHOO)
Aug 02, 2009 06:00 PM UTC

Louis Navellier

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Via BloggingStocks:

Filed under: Earnings reports, Yahoo! (YHOO)

bellwether stocks yahoo Internet search firm Yahoo! (NASDAQ: YHOO) recently reported that its second-quarter net income rose to $143 million, or 10 cents per share, from $132.4 million, or 9 cents per share in the same period a year earlier. Net revenue in the period ended in June fell to $1.14 billion from $1.35 billion.

Wall Street analysts on average had been expecting Yahoo! (whose options value is increasing) to post second-quarter earnings of 8 cents per share, and the company beat that estimate by a few pennies.

But those earnings came on revenues that were just in line with revenue expectations of $1.14 billion.

Continue reading Bellwether stock #10: Yahoo! (YHOO)

Bellwether stock #10: Yahoo! (YHOO) originally appeared on BloggingStocks on Sun, 02 Aug 2009 13:00:00 EST. Please see our terms for use of feeds.

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