Yahoo! (YHOO) Posts Lackluster Q2 Results; Display Sales Edge Higher
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Price: $26.49 -0.64%
EPS Growth %: +58.3%
Financial Fact:
Income before income taxes and earnings in equity interests: 203.04M
Today's EPS Names:
ATU, CRWS, CLC, More
EPS Growth %: +58.3%
Financial Fact:
Income before income taxes and earnings in equity interests: 203.04M
Today's EPS Names:
ATU, CRWS, CLC, More
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Amid all the Wall Street discussion about Yahoo!'s (Nasdaq: YHOO) surprise appointment of Marissa Mayer as the new CEO, the company was preparing to release second-quarter 2012 results after the market close. Now with those results out, investors seem to be very cautiously dipping a toe in: after closing Tuesday's session down 0.3 percent to $15.60, Yahoo! shares are up modestly to $15.67.
Yahoo! saw sales excluding traffic acquisition costs rise a very modest 0.3 percent to $1.08 billion, which compared to the Street estimate of $1.1 billion. Total revenue fell nearly 1 percent to $1.229 billion.
Sales to the company's Display segment rose 2.2 percent from $523.54 million in the year-ago quarter to $534.97 million and sales to the Search unit fell 1.2 percent to $460.97 million.
Non-GAAP net income from operations fell 0.3 percent to $190.41 million. GAAP net income attributable to Yahoo! Inc. totaled $226.63 million, while pro-forma net income surged nearly 38 percent to $326.55 million. On a per-share basis, profit totaled 27 cents, up from 18 cents reported in the second quarter of 2011. The Street was looking for EPS of 23 cents.
Cash flow from operations was down 17 percent to $275 million, free cash flow was down just 2 percent to $93 million, and cash, cash equivalents, and investments in marketable debt securities were $2.401 billion.
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Yahoo! saw sales excluding traffic acquisition costs rise a very modest 0.3 percent to $1.08 billion, which compared to the Street estimate of $1.1 billion. Total revenue fell nearly 1 percent to $1.229 billion.
Sales to the company's Display segment rose 2.2 percent from $523.54 million in the year-ago quarter to $534.97 million and sales to the Search unit fell 1.2 percent to $460.97 million.
Non-GAAP net income from operations fell 0.3 percent to $190.41 million. GAAP net income attributable to Yahoo! Inc. totaled $226.63 million, while pro-forma net income surged nearly 38 percent to $326.55 million. On a per-share basis, profit totaled 27 cents, up from 18 cents reported in the second quarter of 2011. The Street was looking for EPS of 23 cents.
Cash flow from operations was down 17 percent to $275 million, free cash flow was down just 2 percent to $93 million, and cash, cash equivalents, and investments in marketable debt securities were $2.401 billion.
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