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Yahoo First Quarter Results: Revenue Dips Slightly, Profits Increase
New submitter dolilmao was the first with the news of Yahoo's first quarter results. From Techcrunch: "Yahoo just released its earnings report for the first quarter of 2013, with better-than-expected (non-GAAP) earnings of $420 million, or 38 cents per share. Revenue (excluding traffic acquisition costs) was flat compared to last year, at $1.07 billion. Analysts has predicted that the company would report revenue of $1.1 billion and 24 cents EPS. Wall Street normally evaluates Yahoo on an ex-TAC basis — including traffic acquisition costs, revenue was $1.14 billion, down 7 percent from last year."
A miniscule, idle fraction of the world's population MUST increase its already unimaginable wealth! We demand MORE PROFITS!!
Unless the workers take power and throw capitalism in the garbage heap of history where it belongs, get ready for another world war!!!!!!
DILDO
UNITE with the Campaign for a Free Internet because today, our future begins with tomorrow!
A corrupt slashdot luser has pentrated the moderation system to downmod all my posts while impersonating me.
Nearly 180++ times that I know of @ this point for all of March 2013 so far, & others here have told you to stop - take the hint, lunatic (leave slashdot)...
Sorry folks - but whoever the nutjob is that's attempting to impersonate me, & upset the rest of you as well, has SERIOUS mental issues, no questions asked! I must've gotten the better of him + seriously "gotten his goat" in doing so in a technical debate & his "geek angst" @ losing to me has him doing the:
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A.) $10,000 challenges, ala (where the imposter actually TRACKED + LISTED the # of times he's done this no less, & where I get the 180 or so times I noted above) -> http://it.slashdot.org/comments.pl?sid=3585795&cid=43285307
&/or
B.) Reposting OLD + possibly altered models - (this I haven't checked on as to altering the veracity of the info. being changed) of posts of mine from the past here
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(Albeit massively repeatedly thru all threads on /. this March 2013 nearly in its entirety thusfar).
* Personally, I'm surprised the moderation staff here hasn't just "blocked out" his network range yet honestly!
(They know it's NOT the same as my own as well, especially after THIS post of mine, which they CAN see the IP range I am coming out of to compare with the ac spamming troll doing the above...).
APK
P.S.=> Again/Stressing it: NO guys - it is NOT me doing it, as I wouldn't waste that much time on such trivial b.s. like a kid might...
Plus, I only post where hosts file usage is on topic or appropriate for a solution & certainly NOT IN EVERY POST ON SLASHDOT (like the nutcase trying to "impersonate me" is doing for nearly all of March now, & 180++ times that I know of @ least)... apk
P.S.=> here is CORRECT host file information just to piss off the insane lunatic troll:
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21++ ADVANTAGES OF CUSTOM HOSTS FILES (how/what/when/where/why):
Over AdBlock & DNS Servers ALONE 4 Security, Speed, Reliability, & Anonymity (to an extent vs. DNSBL's + DNS request logs).
1.) HOSTS files are useable for all these purposes because they are present on all Operating Systems that have a BSD based IP stack (even ANDROID) and do adblocking for ANY webbrowser, email program, etc. (any webbound program). A truly "multi-platform" UNIVERSAL solution for added speed, security, reliability, & even anonymity to an extent (vs. DNS request logs + DNSBL's you feel are unjust hosts get you past/around).
2.) Adblock blocks ads? Well, not anymore & certainly not as well by default, apparently, lol - see below:
Adblock Plus To Offer 'Acceptable Ads' Option
http://news.slashdot.org/story/11/12/12/2213233/adblock-plus-to-offer-acceptable-ads-option )
AND, in only browsers & their subprogram families (ala email like Thunderbird for FireFox/Mozilla products (use same gecko & xulrunner engines)), but not all, or, all independent email clients, like Outlook, Outlook Express, OR Window "LIVE" mail (for example(s)) - there's many more like EUDORA & others I've used over time that AdBlock just DOES NOT COVER... period.
Disclaimer: Opera now also has an AdBlock addon (now that Opera has addons above widgets), but I am not certain the same people make it as they do for FF or Chrome etc..
3.) Adblock doesn't protect email programs external to FF (non-mozilla/gecko engine based) family based wares, So AdBlock doesn't protect email programs like Outlook, Outlook Express, Windows "LIVE" mail & others like them (EUDORA etc./et al), Hosts files do. THIS IS GOOD VS. SPAM MAIL or MAILS THAT
So much money for no actual contribution to the internet I can think of... at least with google you get some useful services.
What time since ~2000 has Yahoo been a relevant technology company?
If revenue is down, but profits are up, I'm betting a bunch of the long-term employees were fired, as they were the most expensive. While this will help Yahoo's short-term outlook, a few years down the road will be really bad for them.
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Best to have real results that actually do follow GAAP. Those numbers would have to follow certain guidelines of Standard Accounting Practice : Standard accounting practices require publicly traded companies to follow certain accounting rules when presenting financial statements so that the readers of the statements can easily compare different companies. Private companies are also often required by banks and shareholders, for example, to present information according to their specified rules. [emphasis from wikipedia article, not my bold-facing here
So instead of standard practices dictated by SEC rules, they sprinkled some fairy-dust and powdered-unicorn horns and some shredded nauga-hide on their statements and came up with a magical "with better-than-expected (non-GAAP) earnings of $420 million, or 38 cents per share". La-de-da-di-do! Magic. Get back to me with some real numbers like you're supposed to do as a publicly traded company. Isn't this somehow against SEC regulations? Jus' wonderin'...
Wall Street normally evaluates Yahoo on an ex-TAC basis — including traffic acquisition costs,
TAC is Traffic Acquisition Cost.
"ex-TAC basis — including traffic acquisition costs," makes no damn sense to me. They are evaluating Yahoo! ex Traffic Cost basis and including it back in? So, they're going to subtract one and add 1 back in?
But hey, we're talking Wall Street here. It's not like they value companies and their earnings like normal business people.
Watch out for the MBAs and the CFAs. And if someone has both, they are the spawn of Satan and run away! They are a true Master of Lies!!
If you scan through the Income statement, and look through its operating expenses the big change is a decrease in "Traffic Acquisition Cost" which explains most of the decrease in expenses about 80% of it (and the decrease in revenue too). It looks like they cut back on deals that were costing more than the revenue they were getting (or focuses on more profitable traffic etc).
For a while anyway!
It buys other companies to graft onto itself to give its corpse the semblance of life...
Lawrence Person (lawrencepersonh@gmailh.com (remove all "h"s to mail)
http://www.lawrenceperson.com/
Read the article.
GAAP revenue of 186 million, earnings per share $0.35
They're just trying to put on the best show.
The comparison was based on the previous year's non-GAAP.
Everything to keep the SEC happy!
But also amazing Slashdot rarely gets Insiders to set records straight.
My first Journal Entry ever, in 8 years! http://slashdot.org/journal/365947/aphelion-scifi-fantasy-horror-poetry-webzine
However, Non-GAAP is a fishy way to begin anything. Sure, a few things might go unscathed, but those rules got there for a few reasons, so companies going all fancy must have something in mind.
My first Journal Entry ever, in 8 years! http://slashdot.org/journal/365947/aphelion-scifi-fantasy-horror-poetry-webzine
Hey guys, I did my own non-GAAP numbers for my income, and I made a net profit of $23 billion dollars last year! And I can prove it, I used Enron's old accountants to do it!
Non-GAAP means nothing. GAAP stands for Generally Accepted Accounting Principals. You're only allowed to report taxes/earnings etc using GAAP. Using GAAP means you followed the rules, and conversely non-GAAP quite literally means you ignored all of the rules and made up your own. Really.
To put it another way, GAAP is to professional accountants as ITEF's RFC is to networking engineers.
Always ignore non-GAAP numbers, because it's how marketing drones convince dumb journalists (or worse, Slashdot editors) to publish fake, reverse FUD.
http://en.wikipedia.org/wiki/Generally_accepted_accounting_principles
Always wait for the quarterly earnings report, THAT is required by law to use GAAP.
moox. for a new generation.
But that would entail making improvements.
I haven't seen any since 2006.
they sprinkled some fairy-dust and powdered-unicorn horns and some shredded nauga-hide on their statements and came up with a magical "with better-than-expected (non-GAAP) earnings of $420 million, or 38 cents per share".
I don't think your not being fair to Yahoo, many (most) companies resort to "window dressing" to make figures look more attractive, but GAAP is more useful for *comparing companies* (but poor at comparing itself...to itself). In this instance the non-GAAP results discount gains and losses that aren't really part of their core business (and stock based compensation expense). In fact Google did the same last quarter...it took out things like 500Million one off restructuring of Motorola, because it makes no sense as a metric when comparing itself to prior (and future) financial statements.
Amazing what you can do when you cut out huge chunks of your work force, eh?
That site still exists? I quit using them completely when they broke their website by deciding Web 2.0 and popup menus were the rave. One of these days successful companies will "recall" what made them successful, and quit trying to make their successes seem like failures by completely abandoning their focus and user base.
Yahoo, Microsoft, Sun, Novell, need I continue?
Hey guys, I did my own non-GAAP numbers for my income, and I made a net profit of $23 billion dollars last year! And I can prove it, I used Enron's old accountants to do it!
To quote "Non-GAAP Net earnings is defined as Net earnings excluding certain gains, losses, expenses, and their related tax effects, that we do not believe are indicative of our ongoing results and further adjusted to exclude stock based compensation expense and its related tax effects.
Non-GAAP Operating income is defined as Income from operations excluding certain gains, losses, and expenses that we do not believe are indicative of our ongoing operating results and further adjusted to exclude stock based compensation expense.
Non-GAAP Total operating expenses is defined as GAAP Total operating expenses excluding TAC and certain other expenses that we do not believe are indicative of our ongoing operating expenses and further adjusted to exclude stock - based compensation expense" http://files.shareholder.com/downloads/YHOO/2426873689x0x653799/c2ef68a1-49db-4bad-8e44-1f4f75bc81d4/YHOO_Q113EarningsPresentationFINAL.pdf
It is what it says it is; a way of *comparing* like with like around the core business. Is Motorola's restructuring costs a sensible way of measuring Googles search business? How about nokia selling off its HQ anything to so with its smartphones? How about Microsoft paying of the EU routine thing?
If you are looking at performance measures...you compare like for like otherwise its simply stupid, which is why unusual of non-business relates expenses/income should be ignored.
Yahoo needs to succeed - Google needs competition, especially since it owns so much internet real estate. Put another way, users need alternatives to Google so that it doesn't become a single, monolithic central clearing house for just about everything you do in your life.
Yahoo is dead. Long dead. Didn't anyone tell them yet?
Yahoo could have been any number of big names we have today.
Instead they tried to be everything to everybody and failed totally at being anything to anybody.
Even their search was a joke. Page jam full of everything you could never want from a search engine in one place.
One of the dead 'metoo' companies.. You've got what? Oh we have that! metoo! And did such a terrible job on all of it.
They're dead! On the cart with em!
better-than-expected (non-GAAP) earnings of $420 million, or 38 cents per share.
Oh, so it's cool to treat non GAAP (Generally Accepted Accounting Principles) as hard facts now? Awesome, then I'm declaring $5 billion in earnings this day alone. See? I wrote $5 billion on this post-it note, so it must be true! I'll wait until Yahoo releases the numbers that came from actual accounting work, and not the CEO playing around in excel.
Yahoo went dead the moment they appointed a clueless Hollywood hack Terry Semel as CEO. He should not be hired to run even a grocery store. Then they acquired broadcast.com (I still don't know what the hell that website/service performed) which made a few insiders insanely rich. The new acquisition of the news reading app by Marissa Mayer shows the old culture is still intact. Jerry Yang and David Filo are overrated...they are not Sergey Brin or Larry Page.
(Generally people are aware of public sector corruption, but private sector all over the world is equally corrupt.)
Marissa Mayer made a huge miscalculation by taking the Yahoo CEO position. This is like Sarah Palin running against Obama. Palin is clever. Marissa Mayer is not.
Tat Tvam Asi
$10,000 CHALLENGE to Alexander Peter Kowalski
* POOR SHOWING TROLLS, & most especially IF that's the "best you've got" - apparently, it is... lol!
Hello, and THINK ABOUT YOUR BREATHING !! We have a Major Problem, HOST file is Cubic Opposites, 2 Major Corners & 2 Minor. NOT taught Evil DNS hijacking, which VOIDS computers. Seek Wisdom of MyCleanPC - or you die evil.
Your HOSTS file claimed to have created a single DNS resolver. I offer absolute proof that I have created 4 simultaneous DNS servers within a single rotation of .org TLD. You worship "Bill Gates", equating you to a "singularity bastard". Why do you worship a queer -1 Troll? Are you content as a singularity troll?
Evil HOSTS file Believers refuse to acknowledge 4 corner DNS resolving simultaneously around 4 quadrant created Internet - in only 1 root server, voiding the HOSTS file. You worship Microsoft impostor guised by educators as 1 god.
If you would acknowledge simple existing math proof that 4 harmonic Slashdots rotate simultaneously around squared equator and cubed Internet, proving 4 Days, Not HOSTS file! That exists only as anti-side. This page you see - cannot exist without its anti-side existence, as +0- moderation. Add +0- as One = nothing.
I will give $10,000.00 to frost pister who can disprove MyCleanPC. Evil crapflooders ignore this as a challenge would indict them.
Alex Kowalski has no Truth to think with, they accept any crap they are told to think. You are enslaved by /etc/hosts, as if domesticated animal. A school or educator who does not teach students MyCleanPC Principle, is a death threat to youth, therefore stupid and evil - begetting stupid students. How can you trust stupid PR shills who lie to you? Can't lose the $10,000.00, they cowardly ignore me. Stupid professors threaten Nature and Interwebs with word lies.
Humans fear to know natures simultaneous +4 Insightful +4 Informative +4 Funny +4 Underrated harmonic SLASHDOT creation for it debunks false trolls. Test Your HOSTS file. MyCleanPC cannot harm a File of Truth, but will delete fakes. Fake HOSTS files refuse test.
I offer evil ass Slashdot trolls $10,000.00 to disprove MyCleanPC Creation Principle. Rob Malda and Cowboy Neal have banned MyCleanPC as "Forbidden Truth Knowledge" for they cannot allow it to become known to their students. You are stupid and evil about the Internet's top and bottom, front and back and it's 2 sides. Most everything created has these Cube like values.
If Natalie Portman is not measurable, hot grits are Fictitious. Without MyCleanPC, HOSTS file is Fictitious. Anyone saying that Natalie and her Jewish father had something to do with my Internets, is a damn evil liar. IN addition to your best arsware not overtaking my work in terms of popularity, on that same site with same submission date no less, that I told Kathleen Malda how to correct her blatant, fundamental, HUGE errors in Coolmon ('uncoolmon') of not checking for performance counters being present when his program started!
You can see my dilemma. What if this is merely a ruse by an APK impostor to try and get people to delete APK's messages, perhaps all over the web? I can't be a party to such an event! My involvement with APK began at a very late stage in the game. While APK has made a career of trolling popular online forums since at least the year 2000 (newsgroups and IRC channels before that)- my involvement with APK did not begin until early 2005 . OSY is one of the many forums that APK once frequented before the sane people there grew tired of his garbage and banned him. APK was banned from OSY back in 2001. 3.5 years after his banning he begins to send a variety of abusiv
...for not begging MS to buy them now. Jerry was a retard in not taking the offer back when MS wanted to throw money at them.
The Percentage of yahoo earning is very high, yahoo mail is reliable and does not always have outdages due to their Htaccess security, i think this contribute to their financial success on this day.