Some business sectors are definitely hurt by the current economic downturn, but major Internet sites dependent on advertising have been holding serious trouble at bay. Tuesday afternoon, investors should get a better idea whether the problems are hitting Yahoo.
The company is set to report results for its second quarter after stock market trading closes in the afternoon. Analysts surveyed by Thomson Reuters expect earnings per share of 11 cents on revenue of $1.37 billion.
But there is pessimism in the air. "Comments last week from Valueclick and Microsoft indicate the broader economic downturn is affecting online ads, … Read more