Kurzartikel zu den Yahoo-Zahlen

verfasst von Sascha, 12.07.2001, 00:20

Internet media company sees lower earnings, but beats forecasts

<font size=5>Yahoo! edges estimates</font>

July 11, 2001: 5:12 p.m. ET

NEW YORK (CNNfn) - <font color="#FF0000">Internet media company Yahoo! Inc. on Wednesday reported sharply lower second-quarter financial results, but edged Wall Street expectations on better than expected sales as the company continued to struggle with the slowing economy and a declining advertising market</font>.

The company also reiterated earnings guidance for the third quarter and fiscal 2001.

For the quarter ended June 30, Yahoo! reported earnings of $8.7 million, <font color="#FF0000">or a penny a share</font>, compared with earnings of $69.1 million, or <font color="#FF0000">11 cents a share a year earlier</font>. Analysts on average anticipated break even per share results, according to earnings tracker First Call.

Second quarter revenue fell to $182.2 million from $273 million, but bettered Wall Street expectations for revenue of $175 million, according to First Call.

Including $45.5 million in restructuring and acquisition-related charges, the company posted a net loss on the quarter of $48.5 million, or 9 cents a share, compared with net income of $53.3 million, or 9 cents a share a year earlier.

<font color="#FF0000">Shares of Yahoo! fell 80 cents to $17.03 in Nasdaq trading ahead of the earnings news. But the shares jumped $1.09 to $18.12 in after-hours trade.</font>

Executives of the Sunnyvale, Calif.-based Internet bellwether lowered expectations for the second quarter and all of 2001 when the company reported first quarter results in April. The company, which derives roughly 85 percent of its revenue from online advertising, <font color="#FF0000">has been stung by a sharp slowdown in that market</font>. At that time, they said they expected to break even in the second quarter on revenue ranging between $165 million and $185 million.

For the full year, Yahoo! executives said they were aiming for a profit ranging between 2 cents and 6 cents per share on revenue between $700 million and $775 million. On Wednesday the company reiterated that guidance.

In response to the sharp slowdown on in online advertising sales, Yahoo! has been re-examining its ad-supported business model, moving toward services aimed at businesses as well as more subscription-based consumer services. Executives also have promised to take a number of measures aimed at cutting costs.

<font color="#FF0000">The company already has laid off more than 420 employees and said it will discontinue or reallocate some secondary services on its network of properties</font>; decrease discretionary marketing, distribution and promotional expenses; outsource some operations; and centralize some businesses across its global organization.

In April, Yahoo! named veteran media executive Terry Semel chairman and CEO. Semel, formerly chairman and co-CEO of Warner Brothers, replaced Tim Koogle, who is currently vice chairman and is expected to relinquish that title next month.

Quelle: http://www.cnnfn.com[/b]

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