Yahoo’s Bartz: Sales Reorg Hurt Display Ads
Shares slip in aftermarket on 5 percent revenue drop
Another quarter, another less-than-stellar report from Yahoo.
While executives at Apple spent Tuesday afternoon blowing away analysts with reports of yet another record-breaking performance, Yahoo CEO Carol Bartz and CFO Tim Morse used their quarterly conference call to explain why they were reporting a mixed bag of “good,” “encouraging,” and “unsatisfactory” results.
While the company said net earnings per diluted share were up 18 percent to $0.18, compared to $0.15 in the second quarter of 2010, they said revenue fell 5 percent from the second quarter of 2010 to $1.08
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