Message #174 From:
sreil08 Date: January 27, 2009 06:17:07 PM
YHOO Earnings Release: Carol has some work to do, but not that bad
So Yahoo! reported a Q4 loss today of $303 million, but analysts were actually surprised with how well Yahoo did in the recession. The loss translates into 22 cents per share. Just last year Yahoo! was making a profit of 15 cents per share. Although, all things considered, the loss was partly due to charges to cover costs for laying off employees. If it wasn't for those, Yahoo would of earned almost 17 cents per share. It also beat a few analysts estimates
Even more surprising is that investors don't seem to be so shaken by the news. In fact YHOO is actually up today 1.5%. I thought sentiment would surely tank, but it's actually flat lined and looks like it could become more bullish in the coming days (http://www.predictwallstreet.com/forecast.aspx?symbol=yhoo). The majority of investors actually predicted UP for YHOO.
So I think despite their loss, Yahoo! is in a better position than most people though. While Carol definitely has some work to do, investors remain optimistic about this company. I think in the long run, Yahoo will be able to pull through. Ya think YHOO is good for the long run? Or slowly fading into oblivion? Can Carol do anything at this point to turn the company around?
