Investors are a hopeful kind of bird. Yahoo! stock, along with many in the tech sector, has been in the doldrums as of late. Earnings are coming out in about an hour, though, and this makes the investor bird preen its feathers and buy in advance of the announcement. Despite intraday lows that were down signficantly from yesterday's close, Yahoo! ended the day at $32.17, up 33 cents or 1.04%.
But Piper Jaffray, among other analysts, are predicting good things, including the consensus 11 cents per share profit (down from 13 cents in the year-ago quarter) and positive news in the search ad revenue department. Check back at 5 p.m. Eastern, when we'll be liveblogging the earnings report.
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