Yahoo Sales Meet Estimates; Company to Cut 5% of Workforce

Apr 21st, 2009 - Bloomberg

Related content:

April 21 (Bloomberg) -- Yahoo! Inc., owner of the second-most popular U.S. search engine, reported first-quarter revenuethat met analysts’ estimates. The company will cut 5 percent ofjobs to trim costs amid a slowdown in online ad sales.

Profit was $118.7 million, or 8 cents a share, comparedwith $536.8 million, or 37 cents, a year earlier, Yahoo saidtoday in a statement. Excluding fees passed on to partner sites,sales were $1.16 billion, Yahoo said. Analysts had estimatedrevenue of $1.2 billion on average.

Read the whole story on Bloomberg or try our Toolbar

blog comments powered by Disqus

Qualcomm, Broadcom in settlement talks
Apr 22nd, 2009 - Reuters
NEW YORK (Reuters) - Qualcomm Inc (QCOM.O) said it was in advanced settlement talks with Broadcom Corp (BRCM.O) over their legal disputes and that its quarterly results would meet or beat estimates...
Synovus posts Q1 loss on higher provision for bad loans
Apr 22nd, 2009 - Reuters
* Q1 loss $0.46/shr vs EPS $0.24 last year * Loan loss provision rises three-fold * Nonperforming loans double sequentially April 22 (Reuters) - Southeast regional bank SynovusFinancial Corp (SNV.N) reported a first-quarter loss...
Apple Profit Tops Estimates on Sales of IPhones, IPods
Apr 22nd, 2009 - Bloomberg
April 22 (Bloomberg) -- Apple Inc. reported second-quarterprofit and sales that topped analysts’ estimates after theiPhone and new products helped spur growth. Net income rose 15 percent to $1.21 billion...
In app store war, BlackBerry, Google hold own
Apr 22nd, 2009 - Reuters
NEW YORK (Reuters) - Mega-malls may be big, but when you need a fart noise generator, sometimes it's the smaller shops that do the trick -- at least that's true of the crop of virtual mobile retailers called "app stores." Without doubt...
Yahoo's feeble 1Q triggers nearly 700 more layoffs
Apr 22nd, 2009 - Forbes
Yahoo Inc.'s first-quarter results tread familiar ground as the Internet company's financial erosion triggered another round of layoffs and management promised better days ahead. With its three-year slump worsening...