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Yahoo! Inc. (NASDAQ: YHOO) is scheduled to discuss fourth-quarter and full-year 2008 results today in a conference call at 5:00 PM Eastern. You can catch the live webcast of the call on the company's website.
For the quarter that saw the departure of CEO Jerry Yang and on-again off-again negotiations with Microsoft Corp. (NASDAQ: MSFT), analysts polled by Thomson Reuters expect Yahoo! to report a profit of $0.13 per share, compared to $0.15 per share in the same period of the previous year. Revenue for the quarter is expected to total $1.4 billion, down 2.3% from a year ago. Yahoo! earnings have topped estimates in four of the past five quarters.
For the full year, analysts expect earnings of $0.42 per share and revenue of $5.4 billion, which compares to $0.47 per share on $5.1 billion in 2007.
Analysts, on average, expect long-term EPS growth of 16.2% from Yahoo!, which is better than that of the S&P 500. Yet the consensus recommendation is to hold YHOO. The share price is about 49% lower it was than a year ago.
See BloggingStocks' Yahoo! coverage for more information about the Sunnyvale Calif.-based internet giant.
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