Tuesday, July 18, 2006

Yahoo stock falls on disappointing sales

"Shares of Yahoo fell more than 10 percent in after-hours trading minutes after the world's largest Internet portal reported only a 26 percent increase in quarterly sales and a 78 percent drop in net income.
In a release, Yahoo reported a 14 percent increase in adjusted net income, excluding stock-based compensation, for the quarter ended June 30."

No comments: