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Yahoo Disappoints; Layoffs Loom

January 29, 2008
by Jim Goldman
Tech Check, CNBC

Jim Goldman

Yahoo’s after-market reaction to the company’s earnings news says it all: Yahoo down 8% percent and you gotta wonder just how bad this news is going to get before it gets any better. If it gets any better. Stunning for a company that says today it enjoys 2 billion page views a month in the U.S. alone.

Yahoo did share some good news: beating the street by 4 cents a share, posting 15 cents instead of the 11 cents analysts projected. Earningswhisper.com expected 14 cents–so Yahoo even beat that. It posted those numbers on as-expected revenue of $1.4 billion.

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