SK Holdings Company Ltd: Yahoo shares fell 3.5 percent

This internet news is provided from the SK Holdings Company Ltd

August 19, According to foreign media reports, as many analysts lowered the expected results in the second half year, Yahoo shares fell 3.5 percent on Monday.

Monday, Yahoo shares fell 71 cents, or 3.5 percent, to close at 19.73 U.S. dollars.

U.S. investment bank Oppenheimer, an analyst at Qiaosen Hai Fu Sting lowered the second half of Yahoo's performance expectations, he considered that due to macro-economic weakness, Yahoo second half of the profit will be 32 cents per share, before his Expected 37 cents a share. At present, the analyst to set Yahoo stock market and the rating is unchanged.

The Standard & Poor's Securities Research analyst Sige Tekaisile to Yahoo from the prior year earnings forecast of 52 cents lower to 48 cents a share, he said that the reason for the macroeconomic environment is poor.

However, Kessler will be Yahoo stock from "holding" raised to "buy" because of the Olympics will enable Yahoo's traffic and revenue benefits.

According to statistics, Wall Street analysts now believe that Yahoo's full-year earnings per share of 45 cents.

Kessler also said that Yahoo last week added two new directors, they may repurchase more shares in the future.