Yahoo reports earnings just under estimates, stock drops 6% post market close
Yahoo! Inc. reported results for the first quarter ended March 31, 2007. They reported Operating Income of $169 million on Revenues of $1,672 Million. CNBC is reporting, 'Yahoo 1st Quarter Earnings Fall to $0.10 a Share -- 1 Cent Below Expectations.' I guess one penny below is enough to push the stock down nearly 6% in post market trading. Yahoo is still up this year about ~20% but for the full year it is down. All of the analysts keep discussing Panama, the new Yahoo ad product/software.
Source: http://www.centernetworks.com/yahoo-reports-earnings-just-under-estimates-stock-drops-6-post-ma
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