01-18-2006, 10:18 AM
The company's adjusted net income was 16 cents per share below expectations of 17 cents. The shares fell nearly 13% in after hours trading on the news.
full earnings report: http://www.sec.gov/Archives/edgar/data/1...000337.txt
Quote:Yahoo! Reports Fourth Quarter and Full Year 2005 Financial Results; Full Year
Revenues - $5,258 Million, Operating Income - $1,108 Million, Operating Income
Before Depreciation and Amortization - $1,557 Million
Fourth Quarter 2005 Financial Results
-- Revenues were $1,501 million for the fourth quarter of 2005, a 39
percent increase compared to $1,078 million for the same period of
2004.
-- Marketing services revenue was $1,315 million for the fourth
quarter of 2005, a 39 percent increase compared to $943 million
for the same period of 2004.
-- Fees revenue was $186 million for the fourth quarter of 2005, a
38 percent increase compared to $135 million for the same period
of 2004.
-- Revenues excluding traffic acquisition costs ("TAC") were $1,068
million for the fourth quarter of 2005, a 36 percent increase compared
to $785 million for the same period of 2004.
-- Gross profit for the fourth quarter of 2005 was $928 million, a 34
percent increase compared to $691 million for the same period of 2004.
-- Operating income for the fourth quarter of 2005 was $329 million, a 40
percent increase compared to $235 million for the same period of 2004.
-- Operating income before depreciation and amortization for the fourth
quarter of 2005 was $459 million, a 40 percent increase compared to
$327 million for the same period of 2004.
-- Cash flow from operating activities for the fourth quarter of 2005 was
$481 million, a 43 percent increase compared to $337 million for the
same period of 2004.
-- Free cash flow for the fourth quarter of 2005 was $330 million, a 31
percent increase compared to $251 million for the same period of 2004.
-- Net income for the fourth quarter of 2005 was $683 million or $0.46
per diluted share compared to $373 million or $0.25 per diluted share
for the same period of 2004.
-- Adjusted net income for the fourth quarter of 2005 was $247 million or
$0.16 per diluted share compared to $187 million or $0.13 per diluted
share for the same period of 2004.
-- The provision for income taxes for the fourth quarter of 2005 was $18
million and yielded an effective tax rate of 3 percent as a result of
a tax benefit related to a subsidiary restructuring transaction
completed in the quarter. The provision for income taxes for the
fourth quarter of 2004 was $234 million, and yielded an effective tax
rate of 40 percent.
full earnings report: http://www.sec.gov/Archives/edgar/data/1...000337.txt