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Yahoo ad revenues shrink, profit grows on Alibaba stake
2013-07-17 09:20:00| Telecompaper Headlines
(Telecompaper) Yahoo reported growth in net profit thanks to its 24 percent stake in e-commerce portal Alibaba, but lower revenues in the second quarter, as it struggled to increase advertising turnover. Overall revenue shrank by 7 percent to USD 1.14 billion from USD 1.22 billion in the second quarter of 2012. Income from operations soared 150 percent to USD 137 million from USD 55 million, and net earnings per diluted share were 68 percent higher at USD 0.30 in the latest quarter, compared to USD 0.18 a year earlier. CEO Marissa Mayer said she was encouraged by Yahoo's second quarter performance. Yahoo expects to report USD 1.06 billion to USD 1.1 billion of revenue excluding traffic acquisition costs in the current quarter and USD 4.45 billion to USD 4.55 billion in the full year. Non-GAAP operating income USD 165 million to USD 185 million and USD 900 million to USD 1 billion, respectively.
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One Year Later, CEO Mayer Touts 'Super-Charged' Yahoo
2013-07-17 02:38:21| PC Magazine Software Product Guide
Yahoo is "deep into" an effort to improve its products and traffic, Yahoo CEO Marissa Mayer said during a Tuesday earnings call, which saw lower-than-expected revenue for the second quarter.
Yahoo Q2 net up 46% as costs drop sharply
2013-07-17 02:00:00| Total Telecom industry news
Internet comapny posts earnings of $331.2 million, or 30 cents per share.
At Yahoo, style over substance and the style was, well -- weird
2013-07-17 01:23:34| CNET News.com
Give Marissa Mayer credit for trying something new but there's a good reason why most quarterly financial conferences don't get televised. [Read more]
Secret Court Moves to Publish Yahoo PRISM Docs
2013-07-16 23:35:31| PC Magazine Security Product Guide
The secretive Foreign Intelligence Surveillance Court (FISC) this week approved a request to declassify documents relating to Yahoo's participation in the National Security Agency's controversial PRISM program.
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