Yahoo with increased profit - outlook disappoints investors
Yahoo exceeded market expectations in the second quarter. Net income came in at $141 million, compared with $131.2 million a year earlier. The outlook for the third quarter, however, disappointed investors.
Yahoo has exceeded market expectations in the second quarter. The bottom line was a net profit of 141 million dollars after 131.2 million dollars a year earlier, as the Internet company announced on Tuesday after the close of trading, according to SDA.
Earnings per share thus amounted to ten cents. Analysts had only expected earnings of eight cents per share. Turnover fell by 13 percent to 1.57 billion dollars. The outlook for the third quarter disappointed investors. The online advertising specialist expects a profit from current business activities of between 55 and 65 million dollars after 76 million dollars in the second quarter.
According to the company's forecasts, turnover should be between 1.45 and 1.55 billion dollars and operating profit excluding special items between 330 and 370 million dollars. Yahoo shares fell by 4.7 percent in after-hours trading.
Earnings per share thus amounted to ten cents. Analysts had only expected earnings of eight cents per share. Turnover fell by 13 percent to 1.57 billion dollars. The outlook for the third quarter disappointed investors. The online advertising specialist expects a profit from current business activities of between 55 and 65 million dollars after 76 million dollars in the second quarter.
According to the company's forecasts, turnover should be between 1.45 and 1.55 billion dollars and operating profit excluding special items between 330 and 370 million dollars. Yahoo shares fell by 4.7 percent in after-hours trading.
