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July 22nd, 2008

Yahoo misses estimates

Posted: 04:50 PM ET

NEW YORK (CNNMoney.com) - Internet search engine Yahoo Inc. reported second-quarter results Tuesday that fell short of Wall Street's expectations.

The Sunnyvale, California-based company said quarterly net income fell 22 percent to $131 million, or 9 cents per share from $161 million, or 11 cents per share a year ago.

Excluding certain charges, Yahoo said it earned 10 cents per share. Analysts surveyed by Thomson Reuters, who normally exclude one-time charges from their forecasts, were expecting 11 cents per share for the quarter.


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