elgato
Joined: 24 Feb 2005
Posts: 17227
Location: Texas
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| Posted: Tue Jul 17, 2007 9:07 pm Post subject: Profits Fall At Yahoo, But Don't Blame Search |
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Jerry Yang's return as Yahoo CEO experienced a less than auspicious start to his first time back at the helm for an earnings announcement, as the numbers showed a dip in display ad performance.
Yahoo executives have warned previously that the Panama search advertising system would not have an immediate impact on the bottom line. It didn't do anything to balance out a lower performance from display advertising, once a dominant force for the company.
Gross revenue rose by 8 percent to $1.70 billion, but net income ticked downward to $161 million. Disappointed shareholders have dropped the stock to $26.52 in after-hours trading, after a market close of $27.53.
more.. link to news article |
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