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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Yahoo Earnings Beat Expectations 0 comments
    Apr 16, 2014 11:34 AM | about stocks: YHOO

    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.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: YHOO
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