The First Look - Lisa MacDonald, Fox Business
Jan 29, 2013|
The First Look - Lisa MacDonald, Fox Business
Transcript - will not be 100% accurate
Today I ask -- -- ask you this because I can't get educated answer it. Do you think -- Melissa Mayer -- CEO of Yahoo! she the best looking CEO of public opinion of them I was thinking about this yesterday as a result of the news. That's why were covering the story we're joined by Liz MacDonald from the Fox Business now. Network idolized are now what if your priorities straight in the tell us about Yahoo! I mean is is this company in the early stages of the turnaround this temporary. You know -- yeah. Yeah I think it looked like that right now they just report fourth quarter revenue that beat analyst estimate. Increase the annual -- that the company for the first time as it happened eight. Basically that web portal did benefit from a lot of demand for online search and there are a hiker and a very big pond yeah the Google there at. As depicted about a hate talk and up and anybody Donnelly had like 1015 per cent -- -- that the online search -- you know fourth quarter profit. When he knocked out. You know we items of 32 cents a share of those that in Europe and not return they'll be based failed. Revenue. It's coming in ninth they there if she expected -- off the -- the mayor did speak -- -- -- on yesterday with analysts. Trust the build on last quarter's gain by getting market it was to spend more time. On of course Yahoo! including man Russia wants the -- that and Yahoo! finance. Which is a big hit four in numerous investors and people on Wall Street even. How did they do it they'll like it would what is it. How can they compete with Google because it seemed like they were started before Google right but Google has surpassed them ten times over. Oh yeah and they've added that the thing I -- The challenge that aren't in the air space is of course getting -- -- to really look at display advertising and Yahoo! lag behind Google and and it of course. Based but you know the quote at their mentally it is earned the man Yahoo! has not pounding the -- and Aspen and -- -- they advertise but not let me take. Time to -- a great product. And then improved Q we get the iBook -- not -- that just yet that it was the most what the -- the best in the big part of her. Talk yesterday at a strategy she retired in July. And it and the question is can she convince investors. And Yahoo! let -- renewed focus on. In other web site and change in the last night to meet eat you know what can they were one and -- who built current you know we've got. Some analysts rating Yahoo! shares apply. And that stock is up about two -- and the twenty dollar match went on -- in trading today. After getting a real pounding over the last year. What they've had some tough times and bad CEO selection before Melissa. They did by under her guidance. Eighty million shares of their own stock why would they why would Melissa have purchased eighty million shares. Of Yahoo! stock now this isn't her personally purchasing them this is the company buying back that many shares. You know a lot of companies have been doing that lately because if it he has by this economy. And need to look at ran and think well you know where we've whether cash on hand what the best in that. To boost the earnings per share measure which companies are basically who worked on -- quarter. In other they're kicking back they're buying back because earnings are spread all for. This shares never shared that they're going to have less shares that there of course is earnings per share management looks a lot better -- So that's I think that's what the brief minute but he's paying off for companies including companies that villain distress like Citigroup and Bank of America pushing to do -- -- hard pressed to understand how they survive. Without a partner in -- yeah I think they need to be either the acquirer. Of of some company while he's seen that you know. Yeah I hear what you think but what she was it different actually hired a about a 120 new workers. But computer science degree and the board Burnett which -- -- analyst at all. You -- heart of big guns from law is that company beat Alan activists in development at -- cool and now. She's trying to work on technology that at a personalize it and weapon needed for Yahoo!. Two the you know the people that the site on their mobile device though and she's got a strategy there looked at while he liked that strategy. Whether it works well when and that -- -- -- All right well we appreciate it and as we speak the stocks up two point 9% before the market even opens up. -- -- thanks a lot sure about it Liz MacDonald Fox Business Network shares of Yahoo! rising in the premarket they started rising. Last night when the market closed as soon as the earnings announcements came out. The stock was on the move on fire on fire. Doesn't hurt to have a good look in blonde as your CEO or oracle announced its asset backed. Right it. Pay our question of the day is are you -- qualified for the job that you currently have marked -- number is 68681. Remind everybody that we will be giving away for lift ticket ski tickets that's to the mountain in. Watch just a baby that's -- ticket -- -- family four pack folks it's worth over 200 dollars and will be giving it away when you hear the watches jingle you call 888. You all five. 226325. Colleague and password today it's she and -- and where to be taken a look at some of the text messages when we come back.