Limited Progress At Yahoo
After the market close on Tuesday, Yahoo! (YHOO) reported Q1 2013 results that provided limited progress at growing the business. The company has been busy updating main products such as the home page and mail yet it hasn't led to expanded revenue, adjusted EBITDA, or operating income.
The consumer internet company continues to struggle in attracting the current generation of internet users focused on social media and attached to Google (GOOG) search.
Yahoo! though has been able to dramatically increase the earnings per share based partially on the share buyback program and the exclusion of stock based compensation (SBC). Oddly the SBC number wasn't excluded in prior periods unlike other technology stocks. The company shared that engagements had increased on updated products, but clearly those numbers aren't flowing to the top or bottom lines.
Read the full article at Seeking Alpha.
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