Yahoo is a major force in the web business, even though they don’t have the same pull that Google does. Google—part of Alphabet—is now a part of the largest company in the world, but that doesn’t mean that other web based businesses are all going to follow suit. However, what Yahoo is currently experiencing is very different from Google’s success. Yahoo just released their earnings report, and although they beat predictions on revenue, the company’s stock slid by 2 percent in afterhours trading on Tuesday, February 2nd. Further drops are expected.
For a company that analysts didn’t have high hopes for to crush earnings predictions should send a flurry of buyers to their brokers, but the exact opposite is currently happening. (more…)