Eyeing Yahoo’s Earnings

Yahoo’s second-quarter earnings announcement after today’s trading close is sure to be closely watched. After a spectacular run in 1998, the Santa Clara, Calif. company’s shares have cooled off this year amid fears of slowing revenue growth in the Internet sector. According to Bloomberg News, Merrill Lynch analyst Henry Blodget expects the leading Internet search service to report $103 million in revenue versus $41 million a year ago, and operating earnings of 8 cents a share versus 3 cents a year ago. He also expects it to report 305 million page views a day and operating margins of 26%. The stock’s weekly closes since the beginning of 1998 and latest:

Tuesday: $175.13

Source: Bridge Information Systems