Yahoo Fails to Click, As Google Double Clicks

Yahoo has released the first quarter financial results, that have failed to hit the estimated figures. Some key figures from the results are:

• Revenues were $1,672 million for the first quarter of 2007, a 7 percent increase compared to $1,567 million for the same period of 2006.
• Gross profit for the first quarter of 2007 was $958 million, a 5 percent increase compared to $909 million for the same period of 2006.
• Operating income for the first quarter of 2007 was $169 million, a 16 percent decrease compared to $201 million for the same period of 2006.
• Net income for the first quarter of 2007 was $142 million or $0.10 per diluted share compared to $160 million or $0.11 per diluted share for the same period of 2006.

A key aspect to note here is that the net income has decreased from $160 million for the same period last year to $142 million this year. The announcement was enough to make the stock lose 6% market share in post market trading. Yahoo’s only success this year has been a search advertisement deal with Viacom, which was also a free home run considering Viacom’s current relations with Google. Other than that Yahoo has failed to click, as Google continues to Double Click.

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