Yahoo conference call starting: 11 cents sends shares down 7%
Posted Jul 18th 2006 4:56PM by Sarah Gilbert
Filed under: After the bell, Major movement, Earnings reports, Bad news, Live coverage, Yahoo! (YHOO)
Yahoo! announced earnings ahead of its investor conference call (that's being liveblogged by Melly and me), at 11 cents per share compared to 13 cents per share last year. The stock was down $2.44 to $29.40 in after-hours trading, a drop of nearly 8% and a nearly two-year low.
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Reader Comments (Page 1 of 1)
7-18-2006 @ 11:11PM
Ann Lambert said...
The problem is, analyst keep raising the bar and not listing to the people who runs the company.
EBay’s' Meg said it best "Our management runs the company to deliver results, not the Stock Price".
Yahoo did not disappoint investors (read between the lines), only some of Wall Street Analyst’s filibusterous fundamentals.