Yahoo! Inc. (NASDAQ:YHOO) released its earnings for the three months ending June 30 this afternoon after the market closed. The company revealed that it earned $0.35 per share in the second quarter of 2013 on revenues totaling $1.07 billion. On today’s market, shares in the company trended down, closing Tuesday’s trading at $26.89.
In the run up to the release of these figures analysts following the tech company were expecting to see earnings per share of $0.31 per share on revenue of $1.1 billion. In the same three months of 2012, Yahoo! Inc. (NASDAQ:YHOO) earned $0.27 per share on revenue of $1.1 billion.
Stock boom
So far in 2013, stock in Yahoo! Inc. (NASDAQ:YHOO) has risen by more than 35 percent in value. The company has fared well under the leadership of its CEO Marissa Mayer, who joined the company exactly one year ago today. Since Mayer took her place at the head of the company, the value of the company has risen by more than 70 percent.
The Mayer boom in the company’s stock price is a sign of little other than the assumption that Yahoo! Inc. (NASDAQ:YHOO) has been saved and it isn’t going to die any time soon. The extent of the market response to this earnings report will be telling. The extent to which investors truly believe in the story at Yahoo! Inc. (NASDAQ:YHOO) is one of the most important factors keeping the web business afloat.
Yahoo To Host A Conference Call
Yahoo! Inc. (NASDAQ:YHOO) will host a conference call to discuss this earnings report at 5:00 PM EST. There are several things on the minds of investors and analysts, even without these earnings numbers. Yahoo, and Marissa Mayer in particular, will face tough questions on the company’s new strategy.
Yahoo! Inc. (NASDAQ:YHOO) is changing and up until now it has had the benefit of investor help with that transformation. If the company is to continue it’s charge, it may need to reveal some key information to those investors. The details of the Yahoo! transformation are still a closely guarded secret, even if it seems that the company’s management is doing a good job.
The Yahoo team might clear up a couple of issues in the conference call, but they’re unlikely to give investors everything they want. We’ll have to wait and see what the venerable search firm is hiding.
