reported a fourth-quarter loss Tuesday, but the results weren't as bad as Wall Street analysts feared. The Silicon Valley company said it lost $303 million, or 22 cents per share, because of costs to cover layoffs and bum investments. In the year-ago quarter, Yahoo earned $206 million, or 15 cents. If not for restructuring charges this quarter, Yahoo said it would have earned 17 cents per share — besting the average estimate of 13 cents per share among analysts polled by Thomson Reuters.Source: USA Today
It must suck for the #1 internet company, but the good news is that they did better than what it was expected..... I guess they did, but $303 million lost must hurt....OUCH!!!!
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