Yahoo Earnings Jump, Stock Does the Splits

Yahoo announced earnings (PDF) just now, and the numbers were stronger than expected. The company earned $132 million on revenues of $758 million ($550 excluding TAC), up from $55 million on $283 million a year ago. EPS came in at .14, the street was expecting .11. The stock is up…

yhoomgrarsgif.gifYahoo announced earnings (PDF) just now, and the numbers were stronger than expected. The company earned $132 million on revenues of $758 million ($550 excluding TAC), up from $55 million on $283 million a year ago. EPS came in at .14, the street was expecting .11. The stock is up more than 10% in after hours trading. If you want to download their presentation on their earnings, click this link. The company posted strong gains across nearly all the core metrics – uniques, active users, cash flow, international revenue …etc.

To add to the euphoria, Yahoo announced a 2 for 1 stock split, and boosted guidance. The conference call is slated for a half hour from now.

(Thanks for SEC nod, Gary)

Author: John Battelle

A founder of NewCo (current CEO), sovrn (Chair), Federated Media, Web 2 Summit, The Industry Standard, Wired. Author, investor, board member (Acxiom, Sovrn, NewCo), bike rider, yoga practitioner.

Leave a Reply