CEO Marissa Mayer cites progress in Yahoo's turnaround strategy after a year loading up on talent via acquisition spree. July 16, 2013 1:23 PM PDT Yahoo has been racking up a serious credit card bill, so to speak, over the last few months with the acquisition of several social and mobile startups. But what analysts and investors really want to know is how much did the Sunnyvale, Calif.-based corporation bring in on its second quarter earnings report, published after the bell on Tuesday. See also: Yahoo wins motion to declassify documents following NSA PRISM debacle The self-described "technology company" reported net income of $331 million, or 30 cents per share (statement). Non-GAAP earnings were 35 cents per share on a revenue of $1.135 billion, including traffic acquisition costs (TAC). Excluding TAC, Yahoo posted revenue of $1.071 billion. Marissa Mayer's Yahoo shopping spree (pictures) 1-2 of 15 Scroll Left Scroll Right Wall Street was looking for earnings of 30 cents per share on a revenue of $1.08 billion. CEO Marissa Mayer made an initial reflection on the quarter in prepared remarks. I'm encouraged by Yahoo!'s performance in the second quarter. Our business saw continued stability, and we launched more products than ever before, introducing a significant new product almost every week. From the new Yahoo! News, the new Yahoo! Sports app, the redesigned Yahoo! search, the new Flickr, the new Yahoo! Mail for tablet, the Yahoo! Weather app, our new Yahoo! app with Summly - this quarter drove tremendous improvements in our product line and our users responded with increased usage and engagement. Mayer only called out one acquisition in her statement, but the full list consists of Astrid, Milewise, Loki Studios, Go Poll Go, PlayerScale, Rondee, Ghostbird Software and, most notably, Tumblr. Yahoo paid $1.1 billion for Tumblr in May, shortly followed by some controversy among the core user base when the news was revealed. Such a major deal prompted speculation that Yahoo would go after Hulu next, which at the time was at the center of a rumor-filled bidding war. But as of last week, Hulu's current ownership coalition of 21st Century Fox, NBC Universal and The Walt Disney Company is staying put. For the outlook, Wall Street is expecting Yahoo to deliver a third quarter revenue of $1.12 billion with earnings of at least 34 cents per share. Yahoo offered Q3 guidance of $1.06 billion to $1.1 billion in revenue. For the year, Yahoo is projecting revenue to fall between $4.45 billion and $4.55 billion. The stock was off sharply in after-hours trading.

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CEO Marissa Mayer cites progress in Yahoo's turnaround strategy after a year loading up on talent via acquisition spree. July 16, 2013 1:23 PM PDT Yahoo has been racking up a serious credit card bill, so to speak, over the last few months with the acquisition of several social and mobile startups. But what analysts and investors really want to know is how much did the Sunnyvale, Calif.-based corporation bring in on its second quarter earnings report, published after the bell on Tuesday. See also: Yahoo wins motion to declassify documents following NSA PRISM debacle The self-described "technology company" reported net income of $331 million, or 30 cents per share (statement). Non-GAAP earnings were 35 cents per share on a revenue of $1.135 billion, including traffic acquisition costs (TAC). Excluding TAC, Yahoo posted revenue of $1.071 billion. Marissa Mayer's Yahoo shopping spree (pictures) 1-2 of 15 Scroll Left Scroll Right Wall Street was looking for earnings of 30 cents per share on a revenue of $1.08 billion. CEO Marissa Mayer made an initial reflection on the quarter in prepared remarks. I'm encouraged by Yahoo!'s performance in the second quarter. Our business saw continued stability, and we launched more products than ever before, introducing a significant new product almost every week. From the new Yahoo! News, the new Yahoo! Sports app, the redesigned Yahoo! search, the new Flickr, the new Yahoo! Mail for tablet, the Yahoo! Weather app, our new Yahoo! app with Summly - this quarter drove tremendous improvements in our product line and our users responded with increased usage and engagement. Mayer only called out one acquisition in her statement, but the full list consists of Astrid, Milewise, Loki Studios, Go Poll Go, PlayerScale, Rondee, Ghostbird Software and, most notably, Tumblr. Yahoo paid $1.1 billion for Tumblr in May, shortly followed by some controversy among the core user base when the news was revealed. Such a major deal prompted speculation that Yahoo would go after Hulu next, which at the time was at the center of a rumor-filled bidding war. But as of last week, Hulu's current ownership coalition of 21st Century Fox, NBC Universal and The Walt Disney Company is staying put. For the outlook, Wall Street is expecting Yahoo to deliver a third quarter revenue of $1.12 billion with earnings of at least 34 cents per share. Yahoo offered Q3 guidance of $1.06 billion to $1.1 billion in revenue. For the year, Yahoo is projecting revenue to fall between $4.45 billion and $4.55 billion. The stock was off sharply in after-hours trading.

CEO Marissa Mayer cites progress in Yahoo's turnaround strategy after a year loading up on talent via acquisition spree. July 16, 2013 1:23 PM PDT Yahoo has been racking up a serious credit card bill, so to speak, over the last few months with the acquisition of several social and mobile startups. But what analysts and investors really want to know is how much did the Sunnyvale, Calif.-based corporation bring in on its second quarter earnings report, published after the bell on Tuesday. See also: Yahoo wins motion to declassify documents following NSA PRISM debacle The self-described "technology company" reported net income of $331 million, or 30 cents per share (statement). Non-GAAP earnings were 35 cents per share on a revenue of $1.135 billion, including traffic acquisition costs (TAC). Excluding TAC, Yahoo posted revenue of $1.071 billion. Marissa Mayer's Yahoo shopping spree (pictures) 1-2 of 15 Scroll Left Scroll Right Wall Street was looking for earnings of 30 cents per share on a revenue of $1.08 billion. CEO Marissa Mayer made an initial reflection on the quarter in prepared remarks. I'm encouraged by Yahoo!'s performance in the second quarter. Our business saw continued stability, and we launched more products than ever before, introducing a significant new product almost every week. From the new Yahoo! News, the new Yahoo! Sports app, the redesigned Yahoo! search, the new Flickr, the new Yahoo! Mail for tablet, the Yahoo! Weather app, our new Yahoo! app with Summly - this quarter drove tremendous improvements in our product line and our users responded with increased usage and engagement. Mayer only called out one acquisition in her statement, but the full list consists of Astrid, Milewise, Loki Studios, Go Poll Go, PlayerScale, Rondee, Ghostbird Software and, most notably, Tumblr. Yahoo paid $1.1 billion for Tumblr in May, shortly followed by some controversy among the core user base when the news was revealed. Such a major deal prompted speculation that Yahoo would go after Hulu next, which at the time was at the center of a rumor-filled bidding war. But as of last week, Hulu's current ownership coalition of 21st Century Fox, NBC Universal and The Walt Disney Company is staying put. For the outlook, Wall Street is expecting Yahoo to deliver a third quarter revenue of $1.12 billion with earnings of at least 34 cents per share. Yahoo offered Q3 guidance of $1.06 billion to $1.1 billion in revenue. For the year, Yahoo is projecting revenue to fall between $4.45 billion and $4.55 billion. The stock was off sharply in after-hours trading.

Posted by : Unknown Tuesday, July 16, 2013

CEO Marissa Mayer cites progress in Yahoo's turnaround strategy after a year loading up on talent via acquisition spree.

July 16, 2013 1:23 PM PDT

Yahoo has been racking up a serious credit card bill, so to speak, over the last few months with the acquisition of several social and mobile startups.

But what analysts and investors really want to know is how much did the Sunnyvale, Calif.-based corporation bring in on its second quarter earnings report, published after the bell on Tuesday.

The self-described "technology company" reported net income of $331 million, or 30 cents per share (statement). Non-GAAP earnings were 35 cents per share on a revenue of $1.135 billion, including traffic acquisition costs (TAC).

Excluding TAC, Yahoo posted revenue of $1.071 billion.

Marissa Mayer's Yahoo shopping spree (pictures)

1-2 of 15

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Wall Street was looking for earnings of 30 cents per share on a revenue of $1.08 billion.

CEO Marissa Mayer made an initial reflection on the quarter in prepared remarks.

I'm encouraged by Yahoo!'s performance in the second quarter. Our business saw continued stability, and we launched more products than ever before, introducing a significant new product almost every week. From the new Yahoo! News, the new Yahoo! Sports app, the redesigned Yahoo! search, the new Flickr, the new Yahoo! Mail for tablet, the Yahoo! Weather app, our new Yahoo! app with Summly - this quarter drove tremendous improvements in our product line and our users responded with increased usage and engagement.

Mayer only called out one acquisition in her statement, but the full list consists of Astrid, Milewise, Loki Studios, Go Poll Go, PlayerScale, Rondee, Ghostbird Software and, most notably, Tumblr.

Yahoo paid $1.1 billion for Tumblr in May, shortly followed by some controversy among the core user base when the news was revealed. Such a major deal prompted speculation that Yahoo would go after Hulu next, which at the time was at the center of a rumor-filled bidding war.

But as of last week, Hulu's current ownership coalition of 21st Century Fox, NBC Universal and The Walt Disney Company is staying put.

For the outlook, Wall Street is expecting Yahoo to deliver a third quarter revenue of $1.12 billion with earnings of at least 34 cents per share.

Yahoo offered Q3 guidance of $1.06 billion to $1.1 billion in revenue. For the year, Yahoo is projecting revenue to fall between $4.45 billion and $4.55 billion.

The stock was off sharply in after-hours trading.