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Yahoo's Unsurprising Surprise
Yahoo's second-quarter results, released Tuesday night, were stunning in many respects, though perhaps not so much for investors inured to the company's repeated disappointments. The company still hasn't resolved the issue of compensation for the bizarre transfer of a partly owned Chinese asset earlier this year. Its Microsoft alliance continues to deliver revenue-per-search results well short of expectations.
Most surprising, though, was the drastic deceleration in Yahoo's display-advertising-revenue growth rate, to 5% from 10% in the first quarter.
http://online.wsj.com/article/SB10001424053111903554904576458292805122146.html
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Yahoo's second-quarter results, released Tuesday night, were stunning in many respects, though perhaps not so much for investors inured to the company's repeated disappointments. The company still hasn't resolved the issue of compensation for the bizarre transfer of a partly owned Chinese asset earlier this year. Its Microsoft alliance continues to deliver revenue-per-search results well short of expectations.
Most surprising, though, was the drastic deceleration in Yahoo's display-advertising-revenue growth rate, to 5% from 10% in the first quarter.
http://online.wsj.com/article/SB10001424053111903554904576458292805122146.html
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