Yahoo’s Earnings Dissapoint, Stock Falls Sharply

Yahoo announced its first quarter earnings late Tuesday, and this chart should tell you all you need to know:

Yeah, it didn’t go well. The stock is down about four dollars in the last day+, after the company missed its targets yet again. They had practically no growth in the U.S. (during an advertising boom!), 22% growth overseas, with revenue of $1.67 billion, up just 7% from last year. Income was $142 million, down 11% year over year. This despite the huge promise of Panama, which had sent share up 25% this year.

The stock was up nine dollars on the year, now its up $2.36. Yikes.
It also hurts Yahoo that it lost search market share again, as asual, as Google gained, again as usual. Yahoo dropped in March to 27.5% from 28.1%, according to comScore, while Google rose to 48.3% from 48.1%. Yahoo’s […]

Original post by Nathan Weinberg