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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Brasco One who wrote (26259)	1/10/2001 6:08:53 PM
From: Wolff	Respond to of 27307

Yahoo Posts $97.8 Mln 4th-Qtr Loss After Investment Writedown Yahoo Reports 4th-Qtr Loss After Writedown: Instant Insight By Adam Steinhauer Santa Clara, California, Jan. 10 (Bloomberg) -- The following is a summary of fourth-quarter earnings for Yahoo! Inc., the No. 1 Internet search service. Expected Market Reaction. Fall/Limited Rise. Yahoo's net loss was $97.8 million, or 17 cents a share, after a $163.2 million write-down of some equity investments. That compares to net income of $37.8 million, or 6 cents a share, a year earlier. Revenue rose 53 percent to $310.9 million from $203.1 million a year ago. Analysts expected the company to generate revenue of $315.1 million, the First Call/Thomson Financial average of analyst estimates that ranged from $310 million to $317.7 million. The company's profit before amortization costs and payroll taxes on employee stock option gains was $80.2 million, or 13 cents a share. That's up from $55.7 million, or 9 cents, a year earlier. The results from the most-recent quarter matched the 13 cents a share forecast in the average estimate from First Call. Estimates ranged from 12 cents to 14 cents. The so-called whisper number, the latest unpublished estimate, was 12 cents a share, according to the earningswhispers.com Web site. Behind the Numbers Yahoo said about 180 million people used its services in December, including its search engine, directories, e-mail and online shopping. Most of Yahoo's revenue comes from selling advertising on its Web pages. Yahoo shares have fallen 86 percent over the past year as ad sales have slowed. Internet companies, which bought about 40 percent of the ads on Yahoo.com in the third quarter, are running low on cash. Yahoo is working to sell more ads to bigger and more- established companies to make up for the lost sales to dot-coms. It's also trying to get more revenue from services other than advertising. What the Experts Say Yahoo is expected on a conference call at 5 p.m. New York time to tell analysts to lower their 2001 earnings and sales forecast, analysts and investors said. ``With Yahoo, the only thing I'm focused on is guidance,'' said John Faig, an analyst at American Express Financial Advisors in Minneapolis. ``I think they will guide down, frankly.... The core business decelerated, and they did very little to introduce new services to diversify'' their revenue. Yahoo shares could rise if earnings meet analyst estimates, Lehman Brothers analyst Holly Becker wrote in a report to clients. ``We believe that as long as Yahoo reports fourth-quarter sales of $296 million ... and earnings roughly in line with estimates of 13 cents, the market may actually applaud Yahoo's results,'' Becker wrote. She rates Yahoo shares a ``neutral.'' Previous Market Reaction Yahoo shares fell 21 percent on Oct. 11 after the company reported slowing revenue growth in the third quarter. Yahoo's third-quarter profit before amortization and goodwill costs was $81.1 million, or 13 cents a share, in line with what analysts had forecast. Market Performance Yahoo shares today rose 38 cents to $30.50 on the Nasdaq Stock Market. The shares set a 52-week high of $225.63 one year ago.