Smiling tonight. Yahoos new c. E. O. Delivered strong earnings after the market close, and shares of the web portal surged more than 5 . Those results come at a crucial time for meyer who took the top job just six months ago, and wanted to prove to investors she is reviving yahoo. The Company Posted Fourth Quarter earnings of 0. 32 a share, a nickel more than expected. Revenues, came in at 1. 2 billion, barely above analyst estimates. Susie that news could set te but onadl but on wall street today, stocks struggled. The dow fell 14 points, the nasdaq rose fourandahalf, the s p 500 lost almost three points, breaking an eight session winning streak. Tom tonights word on the street is yahoo. Nicole urken is a Research Associate at thestreet. Com. She joins us from new york tonight. Nicole, lets focus first on the core business, the underlying advertising business. Interesting die cot me here, display aad revenue was down, number of ads sold for Yahoo Properties was down but the price per
Right now. Tom what about on the search side, yahoo made its name in the pregoogle days of search and search advertising. That seems to be pointed higher in the last quarter. Yeah, search is very important. Marissa maher has pointed to the fact that they have a lot of gaps to make up relative to the Industry Leader google. So within search they did perform 14 growth yearoveryear. That was seen as very strong. Investors are applauding am well see if that continues. They certainly have a long way to go. This has not been a strong point in recent years for the company. No, it hasnt. I mean google of course a big competitor and facebook in more recent years, Marissa Maher the new c. E. O. Came in in july from google. Shes promised to take yahoo back to its roots. What are yahoo s roots . Yeah, a leg part of the runup in the stock, since she joined is because of the realization of the monday at thization of the asian assets, particularly alibabba an also potentially yahoo japanment but righ
Right now. Tom what about on the search side, yahoo made its name in the pregoogle days of search and search advertising. That seems to be pointed higher in the last quarter. Yeah, search is very important. Marissa maher has pointed to the fact that they have a lot of gaps to make up relative to the Industry Leader google. So within search they did perform 14 growth yearoveryear. That was seen as very strong. Investors are applauding am well see if that continues. They certainly have a long way to go. This has not been a strong point in recent years for the company. No, it hasnt. I mean google of course a big competitor and facebook in more recent years, Marissa Maher the new c. E. O. Came in in july from google. Shes promised to take yahoo back to its roots. What are yahoo s roots . Yeah, a leg part of the runup in the stock, since she joined is because of the realization of the monday at thization of the asian assets, particularly alibabba an also potentially yahoo japanment but righ
Close, and shares of the web portal surged more than 5 . Those results come at a crucial time for meyer who took the top job just six months ago, and wanted to prove to investors she is reviving yahoo. The Company Posted Fourth Quarter earnings of 0. 32 a share, a nickel more than expected. Revenues, came in at 1. 2 billion, barely above analyst estimates. Susie that news could set the tone for trading tomorrow, but on wall street today, stocks struggled. The dow fell 14 points, the nasdaq rose fourandahalf, the s p 500 lost almost three points, breaking an eight session winning streak. Tom tonights word on the street is yahoo. Nicole urken is a Research Associate at thestreet. Com. She joins us from new york tonight. Nicole, lets focus first on the core business, the underlying advertising business. Interesting die cot me here, display aad revenue was down, number of ads sold for Yahoo Properties was down but the price per ads were higher. Do this differential for us. The big focus th
Those results come at a crucial time for meyer who took the top job just six months ago, and wanted to prove to investors she is reviving yahoo. The Company Posted Fourth Quarter earnings of 0. 32 a share, a nickel more than expected. Revenues, came in at 1. 2 billion, barely above analyst estimates. Susie that news could set the tone for trading tomorrow, but on wall street today, stocks struggled. The dow fell 14 points, the nasdaq rose fourandahalf, the s p 500 lost almost three points, breaking an eight session winning streak. Tom tonights word on the street is yahoo. Nicole urken is a Research Associate at thestreet. Com. She joins us from new york tonight. Nicole lets focus first on the core business the underlying advertising business. Interesting die cot me here display aad revenue was down number of ads sold for Yahoo Properties was down but the price per ads were higher. Do this differential for us. The big focus this quarter is on the core business. The honeymoon period is o