Yahoo! (YHOO)� this afternoon reported Q3 revenue and EPS ahead of analysts’ expectations, while offering a Q4 revenue view that was short of expectations.
The Internet giant said it earned 21 cents a share on revenue of $1.07 billion.
Analysts were expecting the company to earn 17 cents a share on revenue of $1.07 billion.
For the current quarter, the company sees revenue in a range of $1.13 billion to $1.24 billion, which at the midpoint, $1.185 billion, is below the average $1.22 billion estimate.
Yahoo shares are up 49 cents, or 3.4%, at $15.96 in late trading.
Yahoo! will hold a conference call at 5 pm, Eastern, and you can check it out here.
Of course, despite today’s report, many investors are still more focused what lies ahead for Yahoo!, amid rumorsof varying probability that co-founder Jerry Yang is planning to take it private, the Chinese e-commerce company Alibaba wants to to buy the company, or it may teamup with anyone from Microsoft (MSFT) to AOL (AOL).
In his note, “Will Earnings Even Matter?” Susquehanna analyst Herman Leung writes “Key investor focus will be on the timing and progress of interested parties in the strategic review process.”
No comments:
Post a Comment