Yahoo Q3 FY 2011 - 2012 Result and Valuation Analysis

Yahoo Inc. has reported yet another disappointing quarter. The company reported 26% drop in its net income to $293 million for the July-September quarter, primarily due to lower advertising revenues.

The company posted revenue of $1.21 billion for the third quarter ended September 30, 2011, a 24% decline from the year-ago period.

Yahoo Sacks CEO Carol Bartz appoints Tim Morse

Yahoo Inc has fired CEO Carol Bartz, and named Chief Financial Officer Tim Morse as interim chief executive. Carol Bartz was brought on board two years ago to turn around the company’s troubled fortunes.

In an e-mail message to employees titled ‘Goodbye’, Ms Bartz, 62, said she is "very sad to tell you that I have just been fired over the phone by Yahoo’s chairman of the board’’. "It has been my pleasure to work with all of you and I wish you only the best going forward," she wrote.

Yahoo Q2 FY 2011-2012 Result Analysis

Yahoo has posted a 11% rise in net income to $237 million for April-June 2011. The company had registered a net income of $213 million in the second quarter ended June 30, 2010. However net revenues fell by 5% vis-a-vis the year-ago period to $1.08 billion in the quarter under review, dragged down by a drop in display advertising sales.