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Yahoo reports weak revenue, falls 9.5%; shows weakness in Internet spending
articles.moneycentral.msn.com — Yahoo shares were off more than 9.5% in after-hours trading following its report that second-quarter revenue was lower than expected...the traffic acquisition costs were $453 million. Wall Street looking for at least $493 million...Those costs give investors a signal of the health of the Internet marketing business.
bscott86- 130 diggs
- digg it
- bscott86, on 10/12/2007, -0/+2Update: Yahoo's stock price has fallen a total of 17% since yesterday's market close.
http://news.moneycentral.msn.com/ticker/article.asp?Feed=OBR&Date=20060719&ID=5877505&Symbol=US:YHOO - themurph2099, on 10/12/2007, -0/+3Why does this give investors a "signal of health of the Internet marketing business"?
It should give them a signal of health of YAHOO's business.- bscott86, on 10/12/2007, -0/+1You have a very good point. In fact, just a few hours after I submitted this story I saw another story on Digg about Internet Ad spending rising 48% (year over year I think it was).
Large companies like Yahoo and Google generally serve as barometers of the Internet sector, but perhaps this time it's different?
This certainly decreases the odds of having your 2.0 site bought out, lol.
- bscott86, on 10/12/2007, -0/+1You have a very good point. In fact, just a few hours after I submitted this story I saw another story on Digg about Internet Ad spending rising 48% (year over year I think it was).
- ProAntix, on 10/12/2007, -6/+0F*** Yahoo, who really cares.
- Scottish, on 10/12/2007, -0/+1Perhaps people who care enough about their money to invest it? Go away, troll.
- third_eye, on 10/12/2007, -0/+1What a horrible turn of events, especially being a stock holder. Roughly 20% in ONE day? Arghh, the worst part is that Yahoo gave little explanation to justify the delays in their ad model.
- christiancadeo, on 10/12/2007, -0/+0Hey third eye,
But unfortantely the stock was dominated by momentum investors who were expecting the stock to exceed analyst expectations as well as raise guidance. But when none of that happen as well as the delay in Panama they all ran out causing the crazy freefall.
IMHO Yhoo did the right thing by delaying the system and makeing sure that it works vs. rushing it out just for Wall Street. Imagine if they had rushed it out during the important Q4 season and it was all messed up, You would be getting a 50% haircut vs. a 25%.
It sucks really bad and I feel for you, but the industry itself is a great one and is expanding so hang tight. Just a rough patch
- christiancadeo, on 10/12/2007, -0/+0Hey third eye,
- q3ctf4, on 10/12/2007, -0/+1'Google Reports Second-Quarter Earnings of $721.1 Million, Surpassing Analysts' Expectations
Google Inc.'s second-quarter profit more than doubled, maintaining the Internet search leader's penchant for topping analysts' high expectations and further underscoring the advantage the company has built over its chief rivals'
Google is kicking ass, and I would say this is one very valid reason as to why Yahoo is down.
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