Yahoo! Expects the Fall of Financial Performance

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Internet company Yahoo! predicts that in the current quarter, the company had revenue below market expectations, as predicted worsening financial situation in the market, and not as a rapid effect of a succession of recent acquisitions.

The company predicts that in the current quarter, Yahoo! had revenue of $ 1.06 billion, versus Wall Street expectations of $ 1.12 billion in the second quarter of the reporting Yahoo! also showed the result of $ 1.07 billion, up 1% worse last year and below expectations of $ 1.08 billion

Operating profit amounted to Yahoo! 35 cents a share, while analysts had expected the figure to around 30 cents. Net income for the year increased 46% to $ 331.2 million.

Yahoo! expects the fall of financial performance

Commenting on the results of the quarter, the head of Yahoo Marissa Mayer announced that it intends to start a chain reaction in the company that would eventually lead to a significant increase in sales. However, growth is expected in the long term, as long as Yahoo! lowers full-year sales forecast for 2013 to $ 4.55 billion, from $ 4.6 billion.