yhoo
- Thread starter xxxskier
- Start date
curious to see where yahoo will go, i myself went long here...
Yahoo posts drop in profit, hurt by display ads
Tuesday July 17, 4:38 pm ET
SAN FRANCISCO (Reuters) - Internet media company Yahoo Inc. (NasdaqGS:YHOO - News) on Tuesday reported a dip in quarterly profit in line with previously lowered expectations, weighed down by weak brand advertising and recent management turmoil.
Net income for the second quarter fell to $161 million, or 11 cents per diluted share, from the year-earlier quarter's $164 million, or 11 cents per diluted share. Earnings excluding one-time items were $238 million, or 17 cents per share, compared with $241 million, or 16 cents per share, a year ago.
Gross revenue rose 8 percent to $1.70 billion. Excluding the cost of payments to advertising partners, revenue rose 11 percent to $1.24 billion.
Wall Street was looking for a net profit, on average, of 11 cents a share, according to Reuters Estimates. The consensus for profit excluding one-time items was also 11 cents a share.
Yahoo, which has produced disappointing results in five of the last six quarters and watched its share price drop 38 percent since the start of 2006, recently said revenue for the second quarter would fall at the low end of its prior outlook.
Yahoo posts drop in profit, hurt by display ads
Tuesday July 17, 4:38 pm ET
SAN FRANCISCO (Reuters) - Internet media company Yahoo Inc. (NasdaqGS:YHOO - News) on Tuesday reported a dip in quarterly profit in line with previously lowered expectations, weighed down by weak brand advertising and recent management turmoil.
Net income for the second quarter fell to $161 million, or 11 cents per diluted share, from the year-earlier quarter's $164 million, or 11 cents per diluted share. Earnings excluding one-time items were $238 million, or 17 cents per share, compared with $241 million, or 16 cents per share, a year ago.
Gross revenue rose 8 percent to $1.70 billion. Excluding the cost of payments to advertising partners, revenue rose 11 percent to $1.24 billion.
Wall Street was looking for a net profit, on average, of 11 cents a share, according to Reuters Estimates. The consensus for profit excluding one-time items was also 11 cents a share.
Yahoo, which has produced disappointing results in five of the last six quarters and watched its share price drop 38 percent since the start of 2006, recently said revenue for the second quarter would fall at the low end of its prior outlook.
after listening to the conf. call my sense is that yhoo will be dead money for the next 3 months. no big moves up or down.
i may trim my long position if there is a little pop in the near future and then add some back in at better prices as i do feel that the long-term prospects are good......big companies take a while to turnaround. but, i'm not happy about the near-term for sure.
the only thing that makes me feel okay about holding my position for several more months is that if yhoo goes down much more they become a very attractive buy-out target, and with their substantial asian investments they would get a very healthy premium.
i may trim my long position if there is a little pop in the near future and then add some back in at better prices as i do feel that the long-term prospects are good......big companies take a while to turnaround. but, i'm not happy about the near-term for sure.
the only thing that makes me feel okay about holding my position for several more months is that if yhoo goes down much more they become a very attractive buy-out target, and with their substantial asian investments they would get a very healthy premium.
thanks for the confidence booster, longhorns, but i've been burned before (not on yhoo) when i thought something was "guaranteed".
nevertheless, i've held onto yhoo so long now i probably will just keep it.....geez....in a few more months it will qualify for long-term cfapital gains tax treatment. i got in last october when it sold iff sharply...got in at 24-25-26.
nevertheless, i've held onto yhoo so long now i probably will just keep it.....geez....in a few more months it will qualify for long-term cfapital gains tax treatment. i got in last october when it sold iff sharply...got in at 24-25-26.
Yahoo is dead in the water
may go to 20
or even 14 a share
may go to 20
or even 14 a share
I have a October 2007 30 calls bought at 3.50 now they are at 1.40 and what they may be next day who knows.
Any ideas what I can do? Repair the calls, open a butterfly or sell and take loss?
Any ideas what I can do? Repair the calls, open a butterfly or sell and take loss?