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April 18th, 2012 
FAKE NEWS for the Zionist agenda NEW YORK (AP) — Shares of Yahoo Inc. rose Wednesday after the struggling Internet company‘s first-quarter profit topped analysts’ estimates and its revenue climbed, breaking a streak of 13 straight quarterly declines. Several analysts seemed more upbeat on the turnaround plan outlined by the company’s new CEO, but remained cautious given Yahoo‘s long-running problems.
THE SPARK: Late Tuesday Yahoo reported profit of 23 cents per share. Analysts polled by FactSet expected earnings of 17 cents per share. And the company’s net revenue, how much Yahoo keeps after paying ad commissions, came in at $1.08 billion.
CEO Scott Thompson, hired in January, said he won’t be happy until Yahoo’s revenue is keeping pace with the rest of the Internet ad market. He said that Yahoo is trying to sell about 50 products and services that aren’t attracting enough traffic or making enough money, and that the company is still in talks to sell part of its valuable stake in China’s Alibaba Group.
Yahoo has estimated that its Alibaba holdings are worth $14 billion, before taxes.
THE BIG PICTURE: Yahoo is trying to revive its business, which has lagged behind rivals such as Google Inc. As part of that process, the company said earlier this month that it would reorganize the company into three main divisions focused on users, advertisers and technology. Yahoo also plans to cut 2,000 workers, or 14 percent of its workforce, the largest layoffs in the company’s 17-year history.
THE ANALYSIS: Herman Leung of Susquehanna Financial Group raised his target price on Yahoo’s stock by $1, to $17, but maintained a “Neutral” rating. He said that “there seems to be a bit more to look forward to at Yahoo these days,” thanks to the new CEO. He cited the “active discussions” regarding Alibaba as a positive, and was optimistic about plans for a new “Commerce” division at Yahoo.
Cowen and Co.’s Jim Friedland said the company’s turnaround efforts will likely lead to higher profit, excluding restructuring costs, in the near term. But he said he was “skeptical” about the company’s ability to “meaningfully reaccelerate growth.”
The analyst maintained a “Neutral” rating.
SHARE ACTION: Yahoo’s stock gained 48 cents, or 3.2 percent, to $15.49 in midday trading. The shares had dropped 7 percent in 2012, and have not traded above $20 since the third quarter of 2008 — the last time Yahoo‘s revenue climbed from the previous year.
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