Yahoo miss reignites turnaround doubts
Yahoo’s disappointing revenue results reignite doubts about its ability to bounce back. Some analysts are recommending the stock, not based on its core business, but the potential of its Asian assets, led by Alibaba.
Marissa Mayer’s Wall Street Debut Sends Yahoo! Stock Surging
Three months after assuming command of struggling Web giant Yahoo!, Marissa Mayer outlined her strategy to revive the company on Monday — and Wall Street liked what it heard. Yahoo! shares soared nearly 5% as Mayer spoke, reflecting a sense of optimism about the purple-hued Internet pioneer that has been sorely lacking in recent years. Yahoo!’s turnaround effort is one of the most closely watched stories in tech, and Mayer faces a daunting challenge. Yahoo! has shed more than half its value over the last five years, as one-time rival Google has surged to a dominating position in Web search, and new upstarts like Facebook and Twitter have staked out formidable positions in the exploding social networking space. Mayer, a 37-year-old former Google executive, is viewed by many in the tech community and on Wall Street as the company’s last, best chance to reverse a years-long slide punctuated by management turmoil and layoffs. Mayer’s strategy for the company hinges on incorporating ...
Yahoo up on results, hint of stock buyback
Shares rise late after the company reports a big jump in profit largely due to its sale of shares in Alibaba, but also on stronger-than-expected profit and revenue in its core business. The stock also gets lift from CEO Mayer’s suggestions of a stock buyback plan.
Yahoo Profit Soars on Alibaba Gain
Yahoo's third-quarter earnings soared as the Internet media company recorded a large gain from its recent sale of Alibaba, while search and display revenue improved slightly.
NewsWatch: Yahoo profit jumps on Alibaba sale
Shares rise late after the company reports a big jump in profit largely due to its sale of shares in Alibaba, but also on stronger-than-expected profit and revenue in its core business.