Meeting industry expectations for muted earnings and sales, Yahoo (YHOO) late Tuesday posted Q2 EPS that feel short of Wall Street estimates, but revenue slightly beat consensus views. The struggling Internet search company also continues to pursue a proposed tax-free spinoff of its 15% stake in China Internet e-commerce giant Alibaba Group (BABA). “I’m extremely pleased with our achievements in Q2, with revenue growing 15% year-over-year, marking
Yahoo (YHOO) got a price target cut on Tuesday hours before its Q2 earnings release from Axiom Capital, which cited uncertainty associated with the Web portal’s planned tax-free spinoff of its 15% stake in China Internet giant Alibaba Group (BABA). That spinoff, first announced in February, is a high-profile must-do for Yahoo CEO Marissa Mayer, who is under pressure from investors to find strategies to return cash to shareholders. Reports began
Yahoo (YHOO) reports Q2 earnings after the close Tuesday, and analysts say it looks like a “lackluster” quarter as the Web portal’s signature display ad business continues to struggle, although its mobile share is picking up. Analysts also want a final answer regarding the outcome of the planned spinoff of Yahoo’s 15% stake in China giant Alibaba Group (BABA). That tax-free spinoff, announced in February, is a high-profile must-do for Yahoo CEO