Yahoo stock hits 2-year low after missing Q2 revenue estimates

[mandy]

Yahoo stock down 4.41 in after hours trading to 27.83 after missing revenue estimates

Shares of Yahoo fell to their lowest level in nearly two years in after-hours trading yesterday as it reported weak revenue from Internet search advertising in the second quarter and a delay in a critical project that is meant to increase search revenue.

While Yahoo, which runs the world’s most popular Internet site, has a booming business selling graphical advertising, it has been struggling to rebuild its search service.

Google, which continues to increase its share of both users and advertising revenue, produces 40 percent more revenue from each search than Yahoo does, industry experts say, thanks to software that is better at selecting relevant text advertisements to place on a page of search results...

full article: http://www.nytimes.com/2006/07/19/technology/19yahoo.html?_r=1&oref=login

Yahoo Inc. met analyst expectations with a second-quarter profit of $164 million, but postponed the introduction of a new online advertising recipe - dashing hopes for faster earnings growth later this year.

The Internet powerhouse's shares plummeted nearly 14 percent on Tuesday's news, released after the stock market closed...

Revenue for the second quarter totaled $1.58 billion, a 26 percent improvement from $1.25 billion last year. After subtracting the commissions Yahoo paid to other Web sites in its advertising network, revenue stood at $1.12 billion, up 28 percent from last year...

full article: http://www.mercurynews.com/mld/mercuryne...067903.htm