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In the first full quarter under Bartz's leadership, Yahoo generated revenue of $1.58 billion, down 13 percent from the year-ago period.
Excluding traffic acquisition costs (TAC), Yahoo's revenue was $1.16 billion, compared with the average analyst expectation of $1.2 billion, according to Reuters Estimates.
The Sunnyvale, California-based company reported a net profit in the first quarter of $118 million, or 8 cents a share -- down from $537 million, or 37 cents a share, a year earlier. Wall Street analysts, on average, had forecast earnings at 8 cents a share, according to Reuters Estimates.
Chief Financial Officer Blake Jorgensen told Reuters there were "still very dark clouds on the horizon" for the economy.
Aren't they supposed to be dying, or something? This kinda goes against the narrative.
well, going from earning 32 cents a share to 8 cents a share is a 78% drop;
google showed a 6% increase in revenue from a year earlier:
goog reported $4.49 earnings per share up from $4.12 eps a year earlier:
don't know if they're dying, but it's safe to say, yahoo! is definitely not the killer
[edited by: nealrodriguez at 2:19 pm (utc) on April 22, 2009]
While most people obviously use Google, there is still a decent percentage that uses Yahoo. And, frankly, Yahoo beats Google hands down when it comes to services on handhelds and cell phones.
My wife is a realtor, and uses her Verizon Trio to update her Yahoo calender, read her Yahoo email, check the weather, etc. Google offers very little of that.