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.
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.