Yahoo! Lays an Egg! Profits Dive! (but beat Q4 estimates)

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Yahoo! Lays an Egg! Profits Dive! (but beat Q4 estimates)

01-24-2007, 10:08 AM,

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mandy Offline

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Yahoo! Lays an Egg! Profits Dive! (but beat Q4 estimates)

Quote:nternet bellwether Yahoo posted fourth-quarter earnings on Tuesday that were down more than 60 percent from a year ago on higher employee stock options costs and lower investment gains, but still handily beat Wall Street forecasts...

"We ended the year on a strong note with solid growth in revenues and operation cash flow, strong profitability and healthy growth in users and user activities," Chief Executive Terry Semel said on a conference call with analysts.

Semel also said the new ranking model for Yahoo's new search marketing platform will be launched February 5, earlier than some analysts had expected...

full article: http://news.com.com/Yahoo+profit+drops+b...g=nefd.top

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