Yahoo (YHOO) Down 19%
Posted on Wed 19th Jul, 2006 09:35:00 AM
***Written By: Blain Reinkensmeyer Stock Forum ID: StockTrading101***
Shares of Yahoo (YHOO) are down big today after the company’s earnings were not in line with what analysts expected. Its 78% quarterly profit fall was more than analysts were forecasting, and as its third-quarter forecast also fell shy of estimates. The stock was down heavy after hours yesterday after the close, and real time the stock just ticked at $26 even (11:33:30). Google (GOOG) was feeling some of Yahoo’s weight today as well, and currently is down just over 1.1%.
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