Facing rising costs for ads placed on other sites, Yahoo late Tuesday posted Q3 earnings and revenue that fell short of Wall Street estimates, as did its Q4 revenue guidance. The struggling Internet company, however, said that it’s on track to complete its proposed tax-free spinoff of its 15% stake in China e-commerce leader Alibaba (BABA) by year-end. And it said it had reached a search and search-ad agreement with Google, the main unit of
Verizon Communications CFO Fran Shammo had kind words for Dish Network, tough words for Comcast, and perhaps worrisome words for TV broadcasters selling spectrum in a 2016 auction. Shammo was speaking on the phone company’s Q3 earnings call Tuesday. The upshot: A Verizon (VZ)-Dish Network (DISH) deal on wireless spectrum might still be possible, Verizon appears reluctant to renegotiate terms of a 2011 wholesale network deal with Comcast (CMCSA),
No. 1 chipmaker Intel delivered a nickel beat late Tuesday to Wall Street’s Q3 earnings-per-share forecast, though EPS was down 3% from the year-earlier quarter. Sales for the quarter ended Sept. 26 fell, but by just a fraction, also beating analysts’ views. The company’s revenue forecast for the current quarter was roughly in line, but the company disappointed with its outlook for its faster-growing data-center and Internet of Things businesses.