We Asked 100 People About Yahoo’s Q2: Yahoo Said “Strong;” Our Survey Said…
- Net income of $131 million
- Revenue of $1.346 billion.
- Q2 earnings of 9 cents per share, with Wall Street expecting 10 cents
The Analysts said:
Collins Stewart analyst Sandeep Aggarwal said Yahoo’s results will likely do little to either help or hinder its effort to remain independent…"It looks like a non-event," Aggarwal said, "it was a bad quarter, but it was also expected."
"Despite a difficult economic environment, we posted solid results in line with the ranges we indicated in April…Our diverse advertiser base and compelling value proposition for our customers were key factors behind Yahoo’s strong second-quarter performance," [Chief Financial Officer Blake] Jorgensen said.