Yahoo! Inc. (NASDAQ:YHOO) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.31%.
Yahoo! Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 29.63% to $0.35 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Decreased 12.05% to $1.07 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Yahoo! Inc. reported adjusted EPS income of $0.35 per share. By that measure, the company beat the mean analyst estimate of $0.3. It missed the average revenue estimate of $1.08 billion.
Quoting Management: “I’m encouraged by Yahoo!’s performance in the second quarter. Our business saw continued stability, and we launched more products than ever before, introducing a significant new product almost every week,” said Yahoo! CEO Marissa Mayer. “From the new Yahoo! News, the new Yahoo! Sports app, the redesigned Yahoo! search, the new Flickr, the new Yahoo! Mail for tablet, the Yahoo! Weather app, our new Yahoo! app with Summly – this quarter drove tremendous improvements in our product line and our users responded with increased usage and engagement.”
Key Stats (on next page)…