Yahoo announced 3rd quarter earnings yesterday, so I figured I share with you some highlights from the announcement. The main quote being pulled out was Terry Semel’s, “While we’re very excited about a number of things happening at Yahoo, I am not satisfied with our third quarter financial performance,” line. That along with falling $1.14 billion short of Wall Streets expectations in revenues earned and a drop in net income by 37.5 percent, has sent Yahoo’s stock downwards again. One highlight is that Yahoo finally released Panama. If you want a full written transcript of the conference call, you can view it at SeekingAlpha.com. There is more coverage of Yahoo’s earnings at ClickZ, NY Times, AP, PaidContent.org, Washington Post, and Wall Street Journal.
February 9, 2016