Yahoo (YHOO) saw its stock dip in morning trading Wednesday after the Web portal late Tuesday posted disappointing Q2 earnings, but also said it will retain a bigger stake in post-IPO Alibaba. Yahoo was down 4.5% in midday trading in the stock market today, near 34, in heavy trading. The Internet giant, struggling to recharge revenue growth, reported a 3% year-over-year decline in Q2 revenue of $1.04 billion, minus the commissions it pays ad
Yahoo late Tuesday posted Q2 earnings and sales that missed Wall Street views, but the U.S. Web portal said it struck a deal with China’s Alibaba that will let it retain a bigger stake in the e-commerce giant after its U.S. IPO. Yahoo (YHOO) stock initially rose 2% after hours on the Alibaba news, but was down 2% later despite better-than-expected revenue guidance for Q3. “For the last two years the stock has primarily been driven by Alibaba …
Two years into Yahoo CEO Marissa Mayer’s tenure, the company is expected to report sales about even, again raising questions among analysts about whether Mayer’s mobile-and-video-focused strategy will be able to turn around the lumbering Internet giant. Q2 sales excluding what Yahoo (YHOO) pays other sites to carry ads — so-called