Actionable news
All posts from Actionable news
Actionable news in YHOO: Yahoo! Inc.,

Yahoo’s looming sale to take center stage during earnings

Yahoo Inc. is expected to report second-quarter earnings after the market’s close on Monday, but the company’s looming sale will likely be front-and-center. The company is expected to stop taking bids and make a decision about a potential suitor, on or around Monday.

Here’s what to expect:

Earnings: Sell-side analysts surveyed by FactSet expect Yahoo YHOO, -0.63% to report a profit of 10 cents a share, compared with 16 cents in the year-earlier period. Contributors to Estimize, a software platform that uses crowdsourcing from hedge fund executives, brokerages and buy-side analysts to predict earnings, expect Yahoo to report slightly weaker earnings of 9 cents a share. Yahoo topped both consensus numbers in its last two reporting periods.

Revenue: The company is expected to report revenue of $840 million, a decline from $1 billion last year, according to...