This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Yahoo! Posts EPS Gain, Lackluster Sales

Stocks in this article: YHOO

Yahoo! earnings story updated with quote from Carol Bartz

NEW YORK ( TheStreet) -- Yahoo! (YHOO) said Tuesday its third-quarter earnings rose, despite flat sales.

Yahoo! posted earnings of 29 cents a share, which included some gains related to the selling of companies like HotJobs. Without the boost, EPS came in at 17 cents, which was above the Wall Street consensus estimates calling for 15 cents. In the year-ago period, Yahoo! reported an EPS of 13 cents a share.

ARM Holdings

Sunnyvale, California-based Yahoo! generated revenue of $1.12 billion, excluding traffic acquisition costs, up slightly from the $1.13 billion it had reported a year ago. Analysts had expected revenue to stay flat at $1.13 billion.

Yahoo! anticipates fourth-quarter revenue to fall between $1.13 and 1.23 billion.

Display advertising is up 17% this quarter over the same period last year.

Yahoo! stock, which was up nearly 7% in the last five days thanks to rumors of a private equity or AOL (AOL) buyout, was up 11 cents in after-hours trading to $15.49.

Yahoo! has also come under scrutiny after a string of executive departures within the last month.

Bartz declined to comment on private equity rumors, "as tempting as it is to tell you what I really think," she said during the earnings call.

Recent reports have also suggested that Yahoo! might consider divesting its 40% stake in Chinese Internet company Alibaba.

Bartz declined to speculate on Yahoo!'s relationship with Alibaba going forward but "as with any investment, we're focusing on maximizing value to shareholders," she said.

--Written by Olivia Oran in New York.



>To follow the writer on Twitter, go to http://twitter.com/TheStreet_Tech.

>To submit a news tip, send an email to: tips@thestreet.com.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs