Liveblogging Yahoo Q1 Do-Or-Die Earnings Call
Yahoo’s first-quarter earnings are out. The conference call is about to start.5:03 ET: Boiler plate risks, blah, blah, blah
Yahoo Profit Tops Expectations
SAN FRANCISCO — Yahoo reported financial results for the first three months of the year on Tuesday that were slightly above analyst expectations, giving the company some ammunition to argue anew that Microsoft’s takeover offer undervalues the company.
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Back Story: Miguel Helft on the Impact of Yahoo's First-Quarter Earnings (mp3)
Yahoo said that net income rose to $542 million or 37 cents a share, from $142 million or 10 cents a year earlier. The net income figure included a net non-cash gain of $401 million related to the AlibabaGroup’s initial public offering of Alibaba.com. Yahoo owns a stake in Alibaba Group.
Overall revenue grew 9 percent to $1.81 billion. Net revenue, which excludes commissions paid to marketing partners, grew 14 percent percent to $ 1.35 billion, slightly higher than the $1.32 billion forecast by analysts.
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