Feeds

Yahoo! slashes forecasts

Bad ad times

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Yahoo! has slashed its sales and profit forecasts for Q1 2001.

The company expects Yahoo.com ad sales to slump as other Web businesses fail to raise enough cash to advertise with it. Dotcoms bought a third of the ads on Yahoo.com last quarter.

Yahoo expects Q1 revenues of about $220 million to $240 million. This is less than the estimates from analysts polled by First call/Thomson Financial who had reckoned on sales of $303.6 million. For the year Yahoo has forecast revenues of $1.2-1.3 billion - the analysts had reckoned on $1.42 billion.

The company posted net income of $80.2 million, or 13 cents per share, on revenues of $310.8 million for Q4 2000. Profit was $5 million below Wall St expectations. But for Q1 2001, earnings per share are going to be down to 4-7 cents, compared with the 13 cents expected by the analysts. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.