Yahoo Profit Misses Estimates, Revenue Beats

(RTTNews) - Yahoo! Inc. (YHOO) on Tuesday reported second-quarter net loss of $21.6 million or $0.02 per share compared with a profit of $269.7 million or $0.26 per share last year.

Excluding stock-based compensation expense and other one-time items, adjusted earnings for the quarter were $0.16 per share compared with $0.37 per share a year ago.

On average, 35 analysts polled by Thomson Reuters estimated earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were up at $1.24 billion compared with $1.08 billion in the prior year.

Excluding traffic acquisition costs, or payments made to affiliates, quarterly revenues were marginally higher at $1.043 billion, Yahoo said. Thirty-four analysts had a consensus revenue estimate of $1.03 billion.