Yahoo shows the results worse than expected
Internet company Yahoo predicts that in the current quarter, the company had revenue below market expectations, as predicted worsening financial situation in the market, and not as a rapid effect of a succession of recent acquisitions. The company predicts that in the current quarter, Yahoo had revenue of 1.06 billion dollars, against Wall Street expectations of $ 1.12 billion dollars. In the second quarter of the reporting Yahoo also showed the result of 1.07 billion dollars, which is 1% less than the previous year and below expectations at $ 1.08 billion.
Notice that now the head of Yahoo Marissa Mayer said the year of its tenure as CEO and as part of conference call for the quarter in communication with analysts, she said that under her leadership, Yahoo is only at an early stage of the reorganization, the creation of new products and updates customer base. She urged investors and shareholders to be patient, as the market is now quite difficult conditions and to generate cash is becoming more difficult. Investors say that last year Yahoo's stock was kept afloat mainly because of its share in the Asian Alibaba Holdings and Yahoo Japan .
According to analysts from RBC Capital Markets, in fact, now has become the main asset of Yahoo shares Alibaba. The latter is shown in the first quarter net profit of 669 million dollars, against $ 220 million a year earlier. The share of Yahoo's Alibaba is 24%. Originally an American company operated 40% of Alibaba. Yahoo Net income from equity participation in Yahoo Japan and Alibaba reached $ 225 million, versus $ 180 million a year earlier.
Operating income Yahoo itself was 35 cents a share, while analysts had expected the figure to around 30 cents. Net income for the year increased by 46% to 331.2 million dollars. Commenting on the quarter, the head of Yahoo Marissa Mayer announced that it intends to start a chain reaction in the company that would eventually lead to a significant increase in sales. However, growth is expected in the long term, as long as Yahoo lowers full-year sales forecast for 2013 to 4.55 billion dollars, compared with 4.6 billion dollars.
.jpg)
