Yahoo surprises Wall Street - Does Microsoft care?
Yahoo Inc. announced first-quarter sales and profits today that surprised investors. The search giant posted net income of $542 million, or 37 cents per share. That income includes gains from an investment in Chinese Internet stock Alibaba.com.
Yahoo predicted more good news: second-quarter revenue of $1.73 to $1.93 billion.
It’s not certain what this will mean in light of Microsoft’s efforts to buy Yahoo. Microsoft CEO Steve Ballmer had earlier declared that the earnings report would not affect Microsoft’s offer.
We’ll see.
Tags: Microsoft, Stock market, Wall Street, YahooRelated Stories
POSTED IN: Earnings, News, Technology
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