Tuesday, October 21, 2008

Yahoo! earnings conference call today (Updated)

From the 'interesting moment of the day' dept. ......

Yahoo! will hold their third quarter earnings conference call today at 2 PM Pacific (5 PM Eastern).

The live webcast can be accessed at http://yhoo.client.shareholder.com/results.cfm

With recent stories about upcoming layoffs flying while Yahoo! continues to roll out new products, this could be one of they're most interesting analyst briefs yet.

I suppose the only question remaining is ..... will he be listening ?? :)
Update October 21 PM: Yahoo shares (NASDAQ: YHOO) closed up approx 5 per cent (in after hour trading at 8 PM ET) at $12.70, with earnings somewhat in-line with expectations, and the announcement of upcoming layoffs of 10% of their employees.

Apple (NASDAQ: AAPL) reported a few moments later, and exceeded expectations of unit sales of iPods and iPhones (falling somewhat short in sales of MACs).  Apple closed up 13.25 per cent from yesterday's 4 PM close tonight at 8 PM (in after-market trading) at $103.61.