July 22, 2010 by Post Team
Yahoo shares fell 6.25 percent to 14.25 dollars in after-hours trading after the results were announced after winning 0.66 percent before the market closes.
Yahoo said it expects revenue growth for the third quarter to pull to between 1.57 and 1.65 million dollars.
Yahoo CEO Carol Bartz said the company was pleased that “continued to deliver strong operating income and margin expansion,” although “they were in the bottom of our revenue estimates.”
Bartz said that Yahoo gained market share in the profit and search advertising market in the quarter, but still did not meet expectations.
advertising revenue, Yahoo fell eight percent in the quarter while display advertising revenue increased 19 percent. “Growth was very strong screen and the search for stabilization is” acknowledged Bartz.
Please feel free to send if you have any questions regarding this post , you can contact on
Disclaimer: The views expressed on this site are that of the authors and not necessarily that of U.S.S.POST.