Yahoo’s net income for the quarter ending June 30 excluding special items amounted to 10 cents per share, two cents below the consensus Wall Street estimate.<\/p>\n
However, revenues for the freshly finished quarter were just shy of $1.8 billion, which is six percent more than the California company’s second-quarter revenues in 2007.<\/p>\n
"Yahoo is executing against its strategy, and we believe is well positioned for long-term growth and maximizing stockholder value," co-founder and chief executive Jerry Yang said.<\/p>\n
"We are seeing validation that we have the right strategy as we continue to make transformational investments that position us to take advantage of pivotal trends driving growth on the Internet."<\/p>\n
Yahoo’s quarter was marked by a failed courtship with Microsoft and a bruising battle with billionaire corporate raider Carl Icahn, who accused board members of botching talks with the US software giant.<\/p>\n
Release of the earnings figures apparently buoyed Yahoo stock, which had sunk more than two percent during trading in New York through the day.<\/p>\n
Yahoo stock inched back up nearly a percent to $162.16\/share in early after-hours trading.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Struggling Internet pioneer Yahoo reported on Tuesday that its second-quarter profit slipped to $131 million and called on investors to have faith in better times ahead.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-4585","post","type-post","status-publish","format-standard","hentry","category-internet"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/4585"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=4585"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/4585\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=4585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=4585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=4585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}