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News > Technology
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Yahoo! affirms 4Q
graphic November 15, 2001: 7:10 p.m. ET

Company expects fourth-quarter earnings per share of breakeven to 1 cent.
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NEW YORK (CNN/Money) - Yahoo! Inc. reaffirmed its guidance for the fourth-quarter and said revenues for 2002 would be $725 million-to-$785 million.

Yahoo! said at its financial analysts conference fourth-quarter earnings before interest, depreciation, taxes and amortization (EBIDTA) to be in the range of a $5 million loss to a $10 million profit, or breakeven to a penny per share.

The Internet company said quarterly revenue will be in the range of $160 million-to-$180 million.

Analysts surveyed by First Call expected the company to earn a penny per share in the fourth quarter on revenue of $169 million.

Looking ahead, Yahoo! forecast 2002 revenue of between $725 million and $785 million, with EBITDA in the range of $35 million-to-$75 million.

According to First Call, on average analysts are looking for about $736 million for 2002 revenue.

Earlier in the day, the company said it is cutting 400 jobs, or about 13 percent of its work force, as part of a company-wide restructuring plan. graphic




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