Yahoo managed to beat low investor expectations by a slim margin yesterday and was rewarded with a short bump this morning that has already burned off.
Yahoo’s non-GAAP earnings per share totaled $0.38 during the quarter on revenue of $1.08 billion. For all the media scrutiny that Yahoo receives, its financial performance feels almost uninvestigated.
Each of its key listed metrics at the sta
Yahoo will report its third-quarter earnings tomorrow. Analysts expect per-share profit of $0.33 on revenue of $1.1 billion. That compares unfavorably to Yahoo’s year-ago third quarter, in which it reported $1.1 billion in revenue, and a slightly higher $0.35 per share income.
So investors are expecting Yahoo to be essentially stagnant at best.
Today after the bell, Yahoo reported its second quarter financial performance, including revenue (excluding traffic acquisition costs, or TAC) of $1.04 billion and non-GAAP earnings per share of $0.37. Revenue including TAC was $1.08. Analysts had expected the company to earn $0.38 on revenue of ex-TAC $1.08 billion.
Yahoo today reported its earnings for the fourth quarter of 2013, where it reported GAAP revenues of $1.27 billion and non-GAAP earnings per share of $0.46. Excluding traffic acquisition costs, revenues were $1.2 billion.
Yahoo has just reported its Q1 earnings, with ex-TAC revenues of $1.087 billion and earnings per share of $0.38, and net income of $314 million. That just about beat analysts’ expectations on revenue: they were expecting ex-TAC sales of $1.08 billion (First Call estimates were $1,076.9 million).
Considering the long-standing struggles of Yahoo as a business, its board of directors battles, and Scott Thompson’s “ResumeGate”, Yahoo (and its investors) have been in sore need of some good news. When beloved Google exec Marissa Mayer took the helm as CEO back in July, finally Yahoo had a cause for optimism.