Posted July 23, 2008 6:59 am by with 8 comments

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Following last week’s lackluster financial performance from both Google and Microsoft, yesterday was Yahoo’s turn to step up to the mic.

The numbers:

  • 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."

Yahoo said:

"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.

  • Honestly, I think Yahoo has done pretty well considering what they have gone through this quarter. I do however disagree that their “diverse advertiser base and compelling value proposition” adds substantial value.

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  • It has been a bad quarter for everyone. Yahoo! will remain strong as one of the major player in the Internet industry.

  • I love how you can make $131 million profit in three months, and it is seen as a failure. It’s mind bottling.

  • Yahoo make different, they also care to us from any case in decission maker.

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  • Hah! Great headline for this post. Seems pretty bad for most .com’s right now.

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  • There will always be rainbow after the rain. This hard moment will soon passed away.

  • I miss this place!

    Doesn’t seem like Yahoo had such a bad quarter – 1 cent per share is huge but I’m sure they’ve exceeded most expectations.

  • Great article! Thanks