Yahoo Disappoints Again... Oops, Strike That. Panama's on Track
Posted by: Rob Hof on January 23, 2007
After a year of trying to gain lost ground on the likes of Google and MySpace, Yahoo’s still not out of the woods. Despite posting better-than-expected earnings of 19 cents a share, vs. the 13 cents analysts had expected, the company’s muted outlook disappointed investors, who knocked the stock down a little under 2% after-hours. More to come after the conference call…
Update: CEO Terry Semel says Panama’s new ad system, which will rank ads shown more like Google—taking into account how many people click on the ad, not just what advertisers bid—on Feb. 5. That’s earlier than I’ve been hearing lately from ad folks.
Update 2: OK, that did it—as soon as Semel announced that date, investors switched gears, and now the stock’s up 5% after-hours.