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Yahoo swings to loss for Q4; focus shifts to Bartz, 2009
Between the Lines —
... Carol Bartz, considered to be somewhat of a spitfire, is running the show these days. And she’s looking forward, not back. On to the formalities: Yahoo reported a net loss of $303 million, or 22 cents per share, on net sales of $1.38 billion, a 2 percent drop from the $1.4 billion for the same quarter a year ago. Wall Street had been expecting income of 13 cents per share on sales of $1.37 Billion. A year ago, the company reported a net income of $206 million, or 15 cents a share. ( Statement ) For the full year, Yahoo reported net income of $424 million, or 29 cents per share, ...
Bartz era at Yahoo begins with quarterly loss, revenue decline
L.A. Times Tech Blog —
... After the market closed, Yahoo said it had lost $303 million, or 22 cents a share, during the fourth quarter. That compared with a profit of $206 million, or 15 cents a share, in the same period a year ago. The Sunnyvale, Calif., Internet giant said revenue fell 1% to $1.81 billion. ...
Earnings: One-Time Charges, Ad Downturn Help Kick Off Yahoo's Bartz Era With a Loss
paidContent —
... of $1.37 billion. They were disappointed and others are likely to be as well.
Yes, as David Kaplan pointed out in his earnings preview, these results came in during Jerry Yang's last swan song quarter as CEO. But this suggests that Bartz has a tougher job ahead of her than even the naysayers might have expected. Her kick-ass tone during her brief intro call struck the right note but people will be listening for substance in today's call. More to come.
Earnings release | Webcast (5 p.m. ET)
Our ...
Bartz delivers the Jerry Yang Memorial Earnings Report
GMSV —
... ad downturn and assorted one-time charges, Yahoo lost $303 million during Q4, or 22 cents per share, compared to a profit of 15 cents per share in the same period last year. Revenue excluding commissions paid to advertisers fell 2 percent to $1.38 billion. Still, thanks to low expectations, the results turned out better than most analysts predicted, and with the news coming from a new leader, investors probably will probably be inclined to keep the focus on the future. For her part, Bartz accentuated the positive : “Despite the challenging economic environment, Yahoo ...
Yahoo loses less money than expected in Q4
VentureBeat —
Struggling web giant Yahoo reported a $278 million loss during the final three months of 2008. That’s Yahoo’s first loss since 2002, and the first time its revenue has declined since the end of 2001, according to Digital Daily.
In the Sunnyvale, Calif. company’s announcement, new chief executive Carol Bartz (pictured) tries to find the silver lining, saying Yahoo’s cash flow was at the upper end of estimates released during Q4, and that Yahoo “also made important investments ...
Yahoo Releases Fourth Quarter Financial Results
Technologizer —
Yahoo Today, Yahoo shared its fourth quarter financial results with investors, the first financial news it’s had since naming Carol Bartz as CEO. While revenue was relatively flat compared to 2007, Yahoo experienced a net loss of $303 million, compared to a net income of $206 million in 2008, due in part to strategic decisions that obliterated shareholder wealth. According to the company, operating income was goggled up by a sundry of expenses before the customary subtraction of interest, tax and depreciation:“restructuring charges of $108 million for severance, facilities, ...
Despite 4Q Revenue Losses, Yahoo’s New Chief is Still Optimistic
Search Engine Journal —
First some highlights of the Yahoo numbers for 4Q 2009 and Full-Year 2009 financial report.
Total revenues decreased by 1 percent in Q4 with $1,806 million as compared to 2007’s $1,832 million
Full year net income was only at $424 million which is equivalent to 29 cents per share for the total $7.2 billion sales compared to 2007’s $660 million net income at $47 cents per share on a total $6.97 billion sales.
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