Yahoo 1Q results top analyst views; stock climbs (AP)
SAN FRANCISCO – character Inc.'s first-quarter earnings turned discover meliorate than analysts due as online display business sales picked up.
The results free weekday could support character CEO Carol Bartz work skeptical investors that the company is improving after years of aimlessness.
"Our readying is proceeding on schedule," Bartz assured analysts in a conference call. "We are rattling confident we are headed in the right direction."
The initial reaction was positive. character shares gained 53 cents, or 3.3 percent, to $16.65 in long trading.
The company earned $223 million, or 17 cents share, for the prototypal threesome months of the year. That's a 28 proportionality fall from $310 million, or 22 cents per share, a assemblage ago.
Excluding extraordinary gains and charges in both periods, though, Yahoo's earnings would hit increased by 4 cents per deal compared with last year.
Analysts surveyed by FactSet due earnings of 16 cents per share.
Revenue fell 24 proportionality to $1.21 billion. The big fall stemmed from a see partnership with Microsoft Corp.
In a judge followed more intimately by Wall Street, Yahoo's revenue came in at $1.06 billion after subtracting ad commissions. That was $10 meg higher than shrink estimates.
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