Yahoo's stock hit a five-year high Alibaba contributed

According to foreign media reports, by Alibaba Group in the first quarter, driven by soaring, Yahoo shares Wednesday on the Nasdaq Stock Exchange rose 10.34 percent in regular trading to close at $ 29.66, a record since May 2008 share price since a new high.
Yahoo said on Tuesday that Alibaba Group in the first quarter net profit rose tripled to $ 669 million; first-quarter revenue surged 71 percent year on year, reaching $ 1.38 billion. In the last year, sold nearly half of the Alibaba Group holdings after the Alibaba Group, Yahoo still holds about 24% stake.
Apple A1189 batteryAlibaba Group's strong performance results, enabling the support of Yahoo shares. In Marissa Meyer (Marissa Mayer) served as Yahoo CEO a year later, the company is still in the beginning of the transition. By focusing on the introduction of new products, from Yahoo to Google (microblogging) and Facebook to attract advertisers and consumers. Royal Bank of Canada Capital Markets analyst Mark Mahaney (Mark Mahaney) that the vast majority of Yahoo's stock price increases over the past year, were held from the Alibaba Group and Yahoo Japan to promote the appreciation of the shares.
Riley & Co analyst Sumit Sinha (Sameet Sinha) said, "Alibaba Group is demonstrating a lot of operating leverage of this company in China to create a huge market, and begin to charge users." Yahoo Tuesday released the company's second quarter results, display advertising revenue fell by 12 percent, dragged down the company's second quarter, excluding traffic acquisition costs (TAC) revenues of $ 1.071 billion, down 1%; net profit to $ 331 million, an increase of 46%. Yahoo's second quarter through the Alibaba Group held equity interest in Yahoo Japan and obtained $ 225 million gain, higher than the $ 180 million a year earlier.
Results soar
Apple A1175 batteryYahoo on Tuesday announced that the official website of the company, Alibaba Group first-quarter net profit tripled, from $ 220 million last year rose to $ 669 million. This company is located in Hangzhou may be conducted at the end of this year the IPO.
Yahoo's Asian assets held, also let Yahoo because of the depreciation of the yen have the opportunity to hedge. Yahoo said that because the hedging transactions, in the second quarter, the company received a $ 243 million cash income. Yahoo said in May this year, because of Yahoo Japan shares to hedge the company received in the first quarter pre-tax income of $ 270 million, and last year received a $ 3 million pre-tax income.
Yahoo said on Tuesday that exclude traffic acquisition costs, the company's third-quarter revenue will be in 1060 to 1100 million U.S. dollars. Bloomberg statistics show that market analysts expect Yahoo's third-quarter revenue of $ 1.12 billion.
CEO's efforts
Apple PowerBook G4 15 M9422 BatteryBloomberg industry analyst Paul Sweeny (Paul Sweeney) said that Yahoo's efforts to increase the number of users Meyer, while investors must cherish patiently looking forward to be able to grow Yahoo's advertising revenue. Sweeney said, "Meyer on product investments to improve user engagement and ultimately achieve the company revenue growth is long-term career. Via Yahoo! judge the current performance expectations, Meyer these investments in the short term is difficult to the company Results brought to promote. "
EMarketer market research firm expects the display advertising market last year reached $ 17.5 billion, Yahoo's share fell to 9.2% from last year's 7.9 percent this year. Google's share will increase by 3 percentage points, reaching nearly 18%; Facebook share is expected to grow 2 percentage points to 17%.
Yahoo's results, the company's second quarter, display advertising revenue fell 12 percent to $ 472 million. U.S. investment firm BGC Partners analyst Colin Gillis (Colin Gillis) said: "In fact, Yahoo's display advertising business dilemma has only just begun and we still have not seen Yahoo management what measures can be taken to prevent them from decline decline. "
Chain reaction
Meyer put his revival plan likened to "chain reaction", said the end will allow the company achieved revenue growth. Meyer on Tuesday via webcast conference call with analysts that "hiring and retaining a great team; they will develop inspirational products to attract users and increase traffic; traffic can trigger an increase in interest of advertisers and, ultimately, converted into revenue. first person, then the product, moreover is traffic, and finally revenue. "
Yahoo on Tuesday also lowered the company's 2013 revenue forecast. Excluding traffic acquisition costs, Yahoo expects revenue this fiscal year will be a maximum of $ 4.55 billion, below the company in April of $ 4.6 billion is expected, just slightly higher than last year's $ 4.47 billion. Analysts Sinha believes that "Yahoo will experience a non-revenue growth year."
Spree
By the sale of shares held by Alibaba Group, driven crazy Meyer began after he took office acquisitions. In the period she served as Yahoo CEO, Yahoo has acquired at least 18 companies, including $ 1.1 billion acquisition of Light blog Tumblr, and the acquisition of mobile application developers Stamped, Jybe and Summly so on. Earlier this month, Yahoo invested approximately $ 70 million acquisition of a company address book application and plug-in Xobni.
Yahoo on Wednesday announced that it has acquired the trading of mobile advertising company providing innovative technology Admovate. Admovate of four technicians will join Yahoo to help companies through smart phones and tablet PCs show on advertising for revenue.
In the second quarter, Yahoo spent $ 653 million to repurchase 2,530 million shares, with an average repurchase price of $ 2.576 billion.
Yahoo's current stock price is close to $ 31, the price is 2008 Microsoft issued a tender offer to the company for the first time when the purchase price. Although Microsoft later the price increased to $ 33 per share, but Yahoo is still rejected a takeover offer from Microsoft. Reduce the number of outstanding shares by the impact of the current market value of Yahoo's $ 31.8 billion, still far less than Microsoft's $ 47.5 billion the year of the purchase price.