Yahoo stock sticks despite big Q4 loss
EmptySurprising pessimistic analysts, Yahoo seems to be selling as much advertising now as it did a year ago, a revelation that juiced the stock in after-hours trading Tuesday.
That's the good news. The bad news is the Internet bellwether posted a fourth-quarter net loss of $303.4 million, compared with earnings of $205.7 million in the same quarter the previous year.
The company blamed the loss on charges related to laying off employees and investments that haven't fared well. Without those charges, Yahoo would have earned 18 cents per share, a nickel better than analysts were expecting.
Shares of Yahoo rose 2% during the regular session Tuesday to $11.34, then jumped an additional 5% after the closing bell.
Yahoo's earnings call Tuesday featured Carol Bartz, named CEO two weeks ago. Bartz's first order of business was to criticize media and others who have been giving Yahoo a bad rap because of its tumbling stock price, its failure to strike a deal with Microsoft and its inability to fend off Google's relentless competitive advances.
Yahoo "really doesn't deserve to have everyone pick at it and pull it apart," she said. (partialdiff)