Feeds

Yahoo! profits nothing to shout about!

Panama fails to cap sales

Reducing security risks from open source software

Yahoo! first-quarter profit fell 11 per cent from last year, with the company falling short of analyst expectations for its new advertising platform, Panama.

Q1 profit was listed as $142.4m or 10 cents per share, down from $159.9m or 11 cents per share at the same quarter last year. Analysts had expected a profit of 11 cents per share, according to a Thomson Financial survey.

Although Yahoo! stock was up when the market closed, the penny-short profit made stocks fall by 6.3 per cent or $2.03 in extended trading.

Revenue rose seven per cent to $1.67bn with a strong demand for display ads and sales of text-only contextual ads late in the quarter. After subtracting commissions the company paid to advertising partners, Yahoo!'s total revenue was $1.18bn — $25m short of average analyst predictions.

Yahoo! has been fighting to keep up with net advertising giant Google which recently acquired DoubleClick for $3.1b cash.

Acting chief financial officer Susan Decker said Yahoo! planned to weed out poorly perfoming affiliates from its advertising network.

Despite the setback, Yahoo!'s sales target for 2007 remain unchanged from a range of of $4.95bn to $5.45bn. Meanwhile, analysts are eyeing a sales number of $5.33bn. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.