Boston, MA 04/22/2014 (wallstreetpr) – Yahoo! Inc. (NASDAQ:YHOO) has very recently released its earnings for this quarter. Though Yahoo is having all profits and earning in healthy digits, the earnings for this quarter for this year are almost same as this same quarter of the last year. The question arises whether Yahoo is moving forward in the race for progress or is it stuck at the same position and hit a stagnant spot from where it is difficult to move forward. Time will only tell, what the real scenario is right now.
We hope that Yahoo reports more earnings and show more progress. If Yahoo does not show progress, it will be left behind in the race for development and success. To appease the masses and to survive in this competition, Yahoo needs to buck up and take control.
Earnings Posted For This Quarter
Yahoo! Inc. (NASDAQ:YHOO) has reported total revenue of $1.09 billion in this quarter. This does not include the traffic acquisition costs. These results for the first quarter of the new fiscal year seem all good. Reportedly, Yahoo has bought back 12 million shares of its own in this quarter. We wonder what is that for.
Alibaba Lifts Yahoo
Reportedly it is being contemplated that the earnings shown by Yahoo in this quarter are not solely the result of its own business endeavors. Yahoo’s performance has been lifted by the performance of the Alibaba Group. Yahoo has now raised the price target for its shares for the next quarter. Yahoo owns a total stake of 24% in Alibaba.
The current Chief Executive Officer of Yahoo! Inc. (NASDAQ:YHOO), namely, Marissa Mayer has had a two-year tenure and the most talked about achievement of her term. It has been the investor excitement about the Alibaba prospect, which is expected to raise about $15 billion from investors this year by the end.
