Vladimír Urbánek (Kurzy.cz)
World markets  |  October 23, 2012 10:01:33

The results surpassed Yahoo! in 3Q12 estimates significant impact sales share in Alibaba

American leader webportálová Yahoo! reported for 3Q of this year according to international accounting standards, multi-year growth in net profit to 3.16 mld.USD = $ 2.64 per share, compared to 293.3 mill.USD or $ 0.23 per share in Q3 last year year. Net income was positively impacted by 2.8 mld.USD gain from the sale of stake in Alibaba Group.
Profit excluding one-time items reached $ 0.35 per share, which surpassed market expectations set in this matter $ 0.26 per share.
Total revenues net of income transferred to partner sites rose by 2% yoy and amounted to 1.09 mld.USD, which exceeded estimates at 1.08 mld.USD.

According to the comments management firm profited in Q3 primarily from an increase in the interest of advertisers and the effect of cost reduction.

Revenue from display ads without counting commissions partner sites stagnated around 451.6 mill.USD. Proceeds from the search grew by 11% to 414.1 mill.USD.

Cash flow from ongoing operations in Q3 grew by 194% in 1046 mld.USD of which USD 550 million has flowed from Alibaba. Free cash flow grew by 273% year on year to 920 mill.USD of it again 550 mill.USD falls on Alibaba.

Yahoo's market share in display advertising in the U.S. according to eMarketer estimates fall this year to about 9.3% from last year's 11%. Position facebook nude stagnate around 14%, while Google will increase slightly by 2% to 15%.
Company at the end of 3Q was in their accounts free cash and liquid resources totaling 9.4 mld.USD mld.USD compared to 2.5 at the end of 2011. The company's management estimates that about 2.5 mld.USD from the sale of stake in Alibaba company pays in taxes. Payment should take place in 4Q.

During 3Q company repurchased 12 million of its own shares for a total value of 190 mill.USD.

The management did not provide any outlook for the development of sales or earnings in future periods.

Shares of Yahoo on results in the final reaction decrease by less than 1%. Since the beginning of the title loses 2.2%.
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Výsledky Yahoo! ve 3Q12 překonaly odhady, výrazný vliv prodeje podílu v Alibabě

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