Yahoo ended the third quarter with earnings above estimates, at $163 million, up 114% year over year. Earnings per share jumped 8 cents to 17 cents. Net of extraordinary items, the figure went from 15 to 20 cents per share, well above analysts' estimates, which did not go beyond 14 cents per share.
Revenues reached $1,305 billion (+6,5% annually, in line with market forecasts). However, sales net of costs to acquire traffic - a measure closely monitored by the market - fell by 14%, to 857,7 million, thus recording the seventh drop out of eight quarters. Revenue associated with businesses dubbed “Mavens” (mobile, video, social and native advertising) grew 24% to $524 million.
The group said it was "heartened" by the fact that its users remained loyal to it despite the hacker attack announced only last September 22 but which took place at the end of 2014 to the detriment of at least 500 million accounts. Meanwhile, the maxi sale of assets to Verizon is proceeding: a pity that there was no conference call to comment on the accounts, which allowed Yahoo not to answer analysts' questions on the 4,8 billion transaction signed last July and which after the revelations about the hacker attack risks being renegotiated.
Yahoo shares closed yesterday's session on the Nasdaq, down 0,26% at $41,68. After the market, in the wake of the accounts, it gained 1,37%. Since the announcement of the hacker attack, the stock has lost 4%.
Even the title Intel it lost 4%, but only in yesterday's after-market. The US microchip maker reported earnings before exceptional items of 69 cents a share in the third quarter, compared with 64 cents in the same period last year. However, the improvement is lower than market estimates, which expected an average growth of 73 cents per share. On the revenue front, Intel reported $15,78 billion, better than $14,5 billion in 2015, and more than the market expected, at $15,58 billion.
As regards expectations for the current quarter, the group expects a turnover of 15,7 billion dollars, while analysts spoke of 15,87 billion. The outlook had already been raised in mid-September after an improvement in the computer market was seen. However, according to several observers, the group is not changing fast enough to keep up with changes in the technology sector.
The company is looking to enter other markets after the PC crisis, including wireless and telecommunications networks. In addition, Wall Street awaits a new restructuring plan that should be completed by 2017. In April, Intel announced that it would cut 12.000 jobs, about 11% of its employees, by 2017.
