Earnings are out! We're looking it over now ...
EPS came in ahead of expectations, along with revenue.
The stock popped 5% in after-hours trading.
The display ad business ex-TAC was up 10% on a year over year basis to $471 million.
The search ad business ex-TAC was clobbered though, falling 19% year over year to $357 million.
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Here are the key numbers reported versus expectations:
- EPS: $0.17 reported versus $0.16 expected
- Net revenue: $1.21 billion reported versus $1.06 billion expected
- Operating income: $147 million expected
- Revenue guidance: $1.1 billion expected
- Operating income guidance: $172 million expected
PREVIEW
Mark Mahaney at Citi says he thinks the street's expectations are reasonable, and Yahoo might even surprise people based on its cost cutting. Looking at Google's solid quarter, there's reason to believe Yahoo can also deliver a solid quarter.
Things to watch for:
- What's going on with Yahoo's Asian assets? The company is reportedly figuring out how to sell off its Asian assets which are worth billions.
- What is the plan for this company? More media and video investment? We've heard the plan in the past, but we're still hard pressed to remember off the top of our heads what Yahoo's big exciting products are.
- What's happening with the Yahoo-Microsoft partnership? Rumor has it, Yahoo's search business is tanking, and the alliance is not paying off.
- Carol Bartz's performance. She hasn't done much with Yahoo since taking over. The company has essentially lost two years while all of its competitors, especially Google and Facebook, are racing ahead at light speed.
Don't Miss: Carol Bartz Has Killed, Sold, Or Plans To Kill $4.8 Billion Worth Of Yahoo Acquisitions
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See Also:
- Yahoo's Search Business Has "Fallen Off The Cliff"
- Why Did Twitter's Forgotten Cofounder Noah Glass Get Pushed Out? The SAIcast Discuss
- This Man Could Replace Carol Bartz As Yahoo CEO
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