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Tuesday, July 18, 2006

Yahoo second-quarter earnings meet expectations

CNET News.com: "Yahoo posted second-quarter net income that met analyst expectations but was lower than a year earlier on higher stock compensation expenses.
Net income, including stock compensation expenses, was $164 million, or 11 cents a share, recorded under a new fair-value method. That compares with a year-ago figure of $755 million, or 51 cents a share--or $152 million, or 10 cents a share, under the fair value method. Stock compensation during the quarter was $73 million, up from $7 million in the year earlier quarter. "
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