US Internet stocks are getting something of a boost today from Yahoo's (YHOO) better than expected earnings

Jay Soloff

Argonath Financial

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)


3 topics

Jay Soloff
Research Analyst
Argonath Financial

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...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.