Yahoo Loses $300 Million In 4th Quarter
Yahoo reported a 4th quarter loss of $303 million compared to a profit of $202 Million in the 4th quarter of 2007.
However without one time charges and write off’s in the 4th quarter related to restructuring and layoff’s, Yahoo would have made $238 million, or 17 cents per share, from $205.7 million, or 15 cents per share, a year earlier.
Revenue dipped 1% to $1.81 billion, though Yahoo said it would have risen 3 percent if not for currency fluctuations. After subtracting the company’s advertising commissions, Yahoo’s revenue totaled $1.37 billion, matching analyst estimates.
For all of 2008, Yahoo earned $424 million, or 29 cents per share, on revenue of $7.2 billion. That compared with income of $660 million, or 47 cents per share, on revenue of $7 billion in 2007.
Yahoo predicted its 1st quarter revenue will range from $1.53 billion to $1.73 billion, a decline from $1.82 billion in the 1st quarter of 2008.
The results were better than many analysts had predicted, and Yahoo shares gained 59 cents, or 5.2 percent, in after hours trading.
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Ok, Yahoo lost $303 million. No wonder my parking rev was down a bit.
Just joking. I see the bigger picture, and online revenue will not stagnate. It’s going to be the black hole around which no light can escape. I’m more interested in the trend over 3-5 years because that’s the more important story, right? The continued outward expansion of the internet as everything we can imagine migrates to it.