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Yahoo bate estimativas

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Yahoo bate estimativas

por Elias » 16/10/2007 20:46

Os futuros do Nasdaq já dispararam 15 pontos!

Woo-hoo for Yahoo! and Yang

In first full quarter under new CEO Jerry Yang, world's second-largest search engine reports results that beat expectations; stock soars.
October 16 2007: 4:40 PM EDT


NEW YORK (CNNMoney.com) -- In its first full quarter under the direction of new chief executive officer Jerry Yang, Internet media titan Yahoo! reported that sales and profits for the third quarter beat analysts' expectations.

Shares of Yahoo surged nearly 7 percent in after hours trading following a more than 4 percent decline in regular trading on the Nasdaq Tuesday.

Yahoo (Charts, Fortune 500) reported sales of $1.77 billion, up 12 percent from a year ago. Excluding advertising sales that Yahoo shares with partners, the company reported revenue of $1.28 billion, an increase of 14 percent. Wall Street had been expecting revenue of $1.24 billion, according to estimates from Thomson First Call.

The company reported net income of $151 million, or 11 cents a share, a slight decrease from the $159 million, or 11 cents per share generated the third quarter of 2006. But Yahoo's profits came in well ahead of analysts' forecasts of 8 cents per share.

The Mountain View, Calif.-based company has been struggling to stay competitive against Google (Charts, Fortune 500), which will report its third quarter results on Thursday. Yahoo also has to contend with challenges from smaller search rivals such as Microsoft's (Charts, Fortune 500) MSN, IAC's (Charts, Fortune 500) Ask.com and Time Warner's (Charts, Fortune 500) AOL. (Time Warner owns CNNMoney.com)

In addition, Wall Street has expressed concerns that Yahoo may be losing ground to companies like News Corp.'s (Charts, Fortune 500) MySpace and privately held Facebook in the burgeoning social networking market.

For these reasons, investors are eager to hear what strategic plans, including possible acquisitions and asset sales, Yang has to get Yahoo back on track.

When Yang took over for ousted CEO Terry Semel in June, he promised to provide investors with a new road map for Yahoo within 100 days and added that there were no "sacred cows" at the company.

Fonte: http://money.cnn.com/2007/10/16/technol ... 2007101616
 
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