Yahoo 3rd-Quarter Results Posted
Yahoo 3rd-Quarter
Results Posted
Yahoo announced third-quarter results on Wednesday, announcing tepid revenue growth for the quarter and also forecast weaker sales for the fourth quarter as the company continues to lose market share to its rivals, mainly Google.
The company reported earnings for the period at $396 million, or 29 cents per share, compared to earnings of 13 cents per share in the third quarter of 2009. Revenue for the internet search company, excluding traffic-acquisition costs, was reported as $1.12 billion, just down from the $1.13 billion reported for the same period last year.
Traffic-acquisition costs, or TAC, includes funds paid by websites to advertisers and money they spend to draw traffic. Analysts commonly factor TAC in when forecasting earnings. The analysts who participated in a recent Thomson Reuters survey had forecast, on average, Yahoo profits of 13 cents per share on overall sales of $1.13 billion.
The second largest internet search engine behind Google, Yahoo projected fourth-quarter revenue, excluding TAC, between $1.125 billion and $1.225 billion. Analysts had forecast revenue of $1.26 billion for the company in the year's last three months.
After posting gains early in the day on Tuesday, Yahoo shares moved lower at the close of Tuesday's session. Shares of the company have risen more than 6 percent since last week when reports surfaced that a number of private equity firms were looking into purchasing the company.
Yahoo announced third-quarter results on Wednesday, announcing tepid revenue growth for the quarter and also forecast weaker sales for the fourth quarter as the company continues to lose market share to its rivals, mainly Google.
The company reported earnings for the period at $396 million, or 29 cents per share, compared to earnings of 13 cents per share in the third quarter of 2009. Revenue for the internet search company, excluding traffic-acquisition costs, was reported as $1.12 billion, just down from the $1.13 billion reported for the same period last year.
Traffic-acquisition costs, or TAC, includes funds paid by websites to advertisers and money they spend to draw traffic. Analysts commonly factor TAC in when forecasting earnings. The analysts who participated in a recent Thomson Reuters survey had forecast, on average, Yahoo profits of 13 cents per share on overall sales of $1.13 billion.
The second largest internet search engine behind Google, Yahoo projected fourth-quarter revenue, excluding TAC, between $1.125 billion and $1.225 billion. Analysts had forecast revenue of $1.26 billion for the company in the year's last three months.
After posting gains early in the day on Tuesday, Yahoo shares moved lower at the close of Tuesday's session. Shares of the company have risen more than 6 percent since last week when reports surfaced that a number of private equity firms were looking into purchasing the company.
Comments
Top Stories
Latest DT's
-
1 month ago by Geno -
1 month ago by dallaseste
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by dallaseste
Top Authors
Subscribe
Games
Alias
3 Foot Ninja 2
ALIAS 2
Air Dodge
Battle Tanks
Bomber Bob
Cable Capers
Gem Mania
Hacker
Hostile Skies
Mission Mars
Bowling
Samurai Warrior
The Pharoh's Tomb
Monkey Lander
Muay Thai
Action
Donkey Kong Banana Barrage
501 Dart Challenge
Rooftop Skater
Zelda
Donkey Kong
Xtreme Pinball
Tetris
Connect 4
Battleships
Frogger
Penguin Push
Online Video Poker
Spank The Monkey
Mob Pay Back
Dealer
Yeti Sports Seal Bounce
Hold Your Drink Steady
Solitaire
Canyon Glider
3D Sudoku
Metal Slug Rampage
Street Fighter II
Flashman
Disc Golf
Table Tennis
Ninja Air Combat
Celebrity Hitman Terrorist Alert
Spider Solitaire
Tubin
Presidential Knockout
Global Player
Ma Balls
Baseball
Beckham Fit
0 Comments
Click here to sign up now.