YHOO had a big day on Wednesday, trading up over 7% after the company reported its Q1 earnings. Investors and analysts, who were worried that the company’s duel with GOOG may take a toll on the company, were pleased to see the company report inline earnings for Q1. YHOO reported Q1 earnings of 11 cents per share on revenues of $1.57 billion dollars. YHOO had been getting killed previous to this earnings report, as investors and analysts fretted that the company was losing the search engine war to GOOG. GOOG is starting to offer more and more services to keep people on their site, so if a user decides to use GOOG’s engine instead of YHOO, it’s a big deal. This report served to temporarily calm the nerves of nervous YHOO shareholders. Volume was heavy on Wednesday, with 77.2 million shares traded, compared to a normal daily average of 25.0 million shares traded.
Sorry, the comment form is closed at this time.