Mac Desktops
Smartphones
Cameras
Camcorders
Mac Laptops
iPad & Tablets
HDTV
Networking & Wireless
iPods
iPhone Apps
Printers
Storage
Yahoo’s second-quarter revenue fell short of Wall Street’s expectations but the Sunnyvale, Calif. company met the analysts’ earnings per share consensus forecast.
Yahoo’s revenue grew 26 percent compared with last year’s second quarter, totalling $1.58 billion for the period, which ended June 30. Excluding the commissions Yahoo pays to third-party Web sites that belong to its advertising network, the company had revenue of $1.12 billion, up 28 percent but below the $1.14 billion consensus expectation from analysts polled by Thomson Financial.
Meanwhile, net income came in at $164.3 million, or $0.11 per share, in line with analysts’ expectations. This compares with net income of $754.7 million, or $0.51 per share, in last year’s second quarter.
- Recommend? 0 YES 0 NO
- 0 Comments
Ad Choices
"Yahoo misses revenue target in Q2" Comments
Have a comment on the story? Enter it below and share it with other readers.