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Yahoo Q2 Revenues Flat, No Help For Shareholder Meeting

Analysts expectations were low and, depending on the analyst, Yahoo barely met or missed them. According to the press release, "Revenues were $1,798 million for the second quarter of 2008, a 6 percent increase compared to $1,698 million for the same period of 2007." Net income fell 18 percent. The company suffered from the general sluggishness of the advertising economy but may also have taken a hit from all the distractions of MicroHoo and Carl Icahn's proxy battle. Icahn is now becoming a Yahoo board member after a publicly announced compromise.

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URL : http://feeds.searchengineland.com/~r/searchengineland/~3/342932661/080722-172850.php
Date : 2008-07-23 00:28:50
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Author : Search Engine Land

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