Commercial Alarm Systems: Yahoo profits down but shares pick up as figures beat estimates

Thursday, October 20, 2011

Yahoo profits down but shares pick up as figures beat estimates

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Posted by ProJ |

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giant ad revenues drop 26% in the first set of results that the late CEO Carol Bartz

Problems Internet giant Yahoo announced

a 26% drop in earnings on Tuesday, when it published its first results and make the CEO Carol Bartz.

The company announced that its profits were down from $ 1.07bn $ 1.12bn a year ago, but the figure was not as bad as investors feared and shares of the company increased after closing the transaction.

Yahoo shows a profit of $ 293.3m, or 23 cents per share, compared to $ 396.1m, or 29 cents a share, a year earlier. Analysts polled by Thomson Reuters had predicted earnings per share of 17 cents.

The company remains one of the most important is based on the Internet. Yahoo said it expected revenues of U.S. $ 1.13bn to $ 1.24bn in the next three months, excluding traffic acquisition costs.

Among those who have declared their interest or reports that Yahoo is looking more for Microsoft, which launched a $ 44.6bn hostile bid for Yahoo in 2008. Yahoo, which is now valued at $ 20 billion, is headed by Jack Ma, Alibaba CEO of China's Internet business, which is 40% owned by Yahoo.

interim CEO Tim Morse said he would not comment on the status of the strategic review. "The board is actively seeking the full range of options available to return to the railway company for solid growth and industry-leading innovation," Morse said in a conference call. "The board also said that when you have something to announce, it will.

"It will take time. It will not today, not on this call."