US Internet stocks are getting something of a boost today from Yahoo's (YHOO) better than expected earnings
US Internet stocks are getting something of a boost today from Yahoo's (YHOO) better than expected earnings. The company posted earnings of 38 cents per share on revenues of $1.09 billion. Analysts had the company earnings 37 cents on revenues of $1.08 billion. Most importantly, the company showed growth in its core display ad business. Display revenues climbed 2% year over year to $409 million. What's more, search revenues climbed 9% from last year for the 9th consecutive quarter of year-over-year growth. Much of the company's growth can be traced back to its 24% stake in Alibaba, which grew earnings by 110% from last year on 66% growth in revenues. Alibaba is expected to have its IPO in the near future, giving YHOO a chance to cash in on its stake. However, will YHOO still be attractive to investors without Alibaba? (VIEW LINK)
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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