Yahoo Disappointing Earning
Yahoo Inc. released its earning on Tuesday saids its fiscal fourth-quarter profit fell compared to the same period a year earlier, amid an ongoing reorganization of the troubled Internet company. Sunnyvale, Calif.-based Yahoo (YHOO: Yahoo! Inc ) said its net income for the period ended in December fell to $205.7 million, or 15 cents a share, from $268.7 million, or 19 cents a share a year earlier. Analysts polled by Thomson Financial had estimated Yahoo would report earnings for the fourth quarter of 11 cents a share, on net sales of $1.4 billion. The total revenue rose 8% to $1.8 billion. Net sales, which exclude payments Yahoo makes to other Web sites to acquire traffic, increased to $1.4 billion from $1.2 billion. Shares of Yahoo stock being hammered in the after hour trading.
Feb 20 put was in play at $1.30. Lets see how much the position will open tomorrow.
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