Filed under: Earnings reports, World wide web, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Time Warner (TWX)
Yahoo! (NASDAQ: YHOO), which competes with Google (NASDAQ: GOOG), Microsoft (NASDAQ: MSFT), and Time Warner’s (NYSE: TWX) AOL, reported Q4 stats after the bell on Tuesday. They were pretty dismal, but expectations were bea t. Revenues dipped by 1%, and earnings per share on an adjusted basis were $0.17. According to Wall Street’s view, Yahoo! was only supposed to earn $0.13. A four-penny beat on the bottom line is a pretty good thing.
Or is it in this case? I would argue it’s no massive deal. I mean, we’re talking about Yahoo! here, and there’s a new CEO on the job, Carol Bartz. She replaced the disaster known as Jerry Yang. Taking into account that there’s a new regime, you can’t really rely on this beat as a proper indicator for what’s to come.
Continue reading Can the new CEO change things at Yahoo!?
Can the new CEO change things at Yahoo!? originally appeared on BloggingStocks on Wed, 28 Jan 2009 08:45:00 EST. Please see our terms for use of feeds.
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