Yahoo Inc. reported a fourth quarter loss this week. However, the company's earnings beat analysts' expectations. The company reported a net loss of $303 million, or 22 cents per share, in the three months ending Dec. 31, compared with earnings of $206 million, or 15 cents per share, a year ago. Looking ahead, Yahoo has high expectations for its first quarter. It said it expects first-quarter gross sales in the range of $1.52 billion to $1.72 billion, which is down from $1.82 billion in the first quarter of 2008.
Yahoo's new CEO, Carol Bartz, said in a statement that she's encouraged by the innovation and momentum she's seen since joining the company. "I did not come to Yahoo to sell the company," Bartz told analysts in a conference call. "This is a fantastic Internet property that doesn't deserve everybody trying to pick it, and pull it, apart"
Analysts say Yahoo could renew its courtship with Microsoft once Bartz, who has been on the job for just nine days, gets into high gear in her new position.
For more on Yahoo:
- check out this CNN.com article [1]
Related Articles:
Yahoo news from FierceCIO [2]
Links:
[1] http://money.cnn.com/2009/01/27/technology/Yahoo_earns/?postversion=2009012717
[2] http://www.fiercecio.com/tags/yahoo