YHOO: Yahoo (YHOO -0.2%) does an about-face, moving...

10:15 AM Yahoo (YHOO -0.2%) does an about-face, moving towards breakeven following a revenue miss driven by slumping ad prices. An upgrade to Buy from BofA/Merrill isn't hurting; the firm touts the value of Yahoo's Asian assets. While discussing the report, the WSJ noted talks with Madison Ave. execs indicate their spending on Yahoo "is the same or lower than it was a year ago," as they wait for a promised turnaround and additional clarity on Yahoo's strategy. Yahoo bull Eric Jackson: "This is honestly like watching Amazon trade a day after "terrible" earnings." Read comments

YHOO price at time of publication: $23.71. Check YHOO price now »

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Focus Articles on YHOO

• Limited Progress At Yahoo by Stone Fox Capital
• Wall Street Continues To Wake Up To Yahoo's Alibaba Holdings by Robert Wagner
• Whisper Number Impact: Earnings Preview For Yahoo! by WhisperNumber

Press Releases on YHOO

• Yahoo! Reports First Quarter 2013 Results (Business Wire)
• Yahoo! to Hold First Quarter 2013 Earnings Conference Call April 16, 2013 (Business Wire)
• Yahoo! Announces Plans to Expand in Lockport, New York (Business Wire)

Related Articles on YHOO

• Mobile Marketing And Advertising: Explosive Growth And The Companies Driving It by James Sands
• The Dip's Been Bought, Now Prepare Or Despair by Logan Corbin
• Wall Street Breakfast: Must Know News by Wall Street Breakfast

StockTalk on YHOO: YHOO StockTalk | Twitter YHOO | Twitter $YHOO | YHOO Instablogs

Recent Market Alerts on YHOO: All currents | Earnings | Dividends | M&A | On the move

Transcripts on YHOO

• Yahoo!'s CEO Discusses Q1 2013 Results - Earnings Call Transcript
• Yahoo! Management Discusses Q4 2012 Results - Earnings Call Transcript
• Yahoo! Management Discusses Q3 2012 Results - Earnings Call Transcript

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