4:22 PM More on Yahoo's Q3: $750M credit facility obtained, boosting Yahoo's resources for acquisition-hunting. Job cuts contributed to the EPS beat - sales/marketing expenses -7% Y/Y, R&D -5%. Also contributing were $190M in stock buybacks, part of Yahoo's efforts to return the Alibaba proceeds. Search revenue +11% Y/Y, a nice improvement from Q2's +4%, evidence monetization is improving. Display ads flat Y/Y (+1% in Q2), a sign of further share loss. CC at 5PM ET (webcast). YHOO +2.7% AH. (PR) (slides - PDF) (Read the comments on this)
See more Market Currents on Tech, Earnings
Why are you receiving this? You subscribed to real-time Market Currents alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.
Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following YHOO: unsubscribe from all YHOO email alerts
This type of alert isn't helpful to me: unsubscribe from Market Currents (breaking news) alerts on YHOO
To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.
Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001
No comments:
Post a Comment