Originally published at www.seclive.com
Filing in Focus: Yahoo 8-K, April 15, 2014
Yahoo! Inc. (NASDAQ:YHOO) announced its first quarter financial results for the fiscal year 2014, reporting earnings that slightly beat analyst expectations. Overall revenue fell 1% to $1.13B, beating $1.08B analyst expectations. Chinese e-commerce company Alibaba, which Yahoo has a 24% stake, is planning a U.S. IPO and reported a 66% increase in revenue and a 110% increase in net income. Yahoo earnings fell from $390.3M and $0.35 per share to $311.6M and $0.29 per share, while adjusted earnings were flat at $0.38 per share, beating analyst expectations of $0.37 per share. CEO Marissa Mayer has been credited with more aggressively positioning the company as a media company, making investments designed to increase advertising revenues. For the quarter, advertising revenue improved 2% from $402M to $409M while search advertising revenue increased 9% from $409M to $444M.
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