Yahoo! (YHOO) reported earnings: Net income $0.10 EPS, but $0.17 non-GAAP & $1.18 Billion versus expectations of $0.11 EPS & R$1.21 Billion. Guidance: next quarter revenues $1.2 to $1.3 Billion versus R$1.28 Billion estimates; Fiscal 2007 $4.95 Billion to $5.45 Billion versus $5.32 Billion.
Cash, cash equivalents and investments in marketable debt securities were $3,128 million at March 31, 2007 as compared to $3,537 million at December 31, 2006, a decrease of $409 million.
YHOO shares closed up 1.5% at $32.09 in normal trading, but shares are now down 6% around that $30.00 mark on the initial guidance reaction to Panama not adding significantly, even though the company warned not to expect an instant changes previously. Those March comScore numbers may have been one of the better tells out there.
Jon C. Ogg
April 17, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.