RSS Feed
TwitterContinuing the trend of positive Q4 results from Dupont and Google earlier in the week, Yahoo! (YHOO) today announced their financial figures for Q4 and the year 2009. Much to the joy of the investors and the relief of CEO Carol Bartz the numbers beat expectations by quite a good margin and restored a positive outlook for the new year.
The Sunnyvale, California based internet company reversed the direction of its revenue earnings from its southward trip for the past year and a half by posting a quarter to quarter gain of 10 percent or 1.73bn. The impressive results could not however prevent the drop in revenue for the same period of 2008. The revenue dropped 4 percent compared to Q4 08. The resulting profit of $153m will mean earnings of 15 cents per share beating the Wall Street analysts projection of 11cents per share. Looking at the operational side Yahoo! posted a $119m income for Q4 2009 compared to a loss of $278m for the same period of 2008. The numbers for the year 2009 also seemed promising as the annual net profit rose 43 percent to 598 million dollars while annual revenue fell 10 percent to 6.46 billion dollars.
Posted in 
Tags: 
Intel Corp has released its financial figures for the July-September quarter posting a 7.8 % decline in profits. Despite sales turning southwards the organization beat the Wall Street’s forecast. That is not the only upside here though, Paul Otellini, Intel CEO has said that its gross profit margins for the final quarter are expected to be 62 percent of revenue, with a possible variation of about three percent in either direction. That translates to sales figures in the range of $9.7 billion to $10.5 billion.