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New York, NY -- (SBWIRE) -- 04/17/2013 -- StockRunway.com issues special report on Intraday Movers To Watch - Yahoo! Inc’s (NASDAQ:YHOO), Johnson & Johnson (NYSE:JNJ)
Yahoo! Inc’s (NASDAQ:YHOO) chief executive Marissa Mayer turnaround plan is facing setbacks as the world’s biggest Web portal announced a decline in its main display advertising unit and offered a second- quarter sales estimates that may fall short of analyst forecasts.The Sunnyvale, California, based Yahoo announced in a statement that revenuein second-quarter will be almost $1.09 billion, without money passed to partner sites.
Can Investors Bet on YHOO after this News update? Find out in this Research Report
Bloomberg gathered data compiled that analysts on average had forecasted revenue of $1.11 billion.Marissa Mayer, nearing her primary anniversary of becoming Yahoo’s CEO, has little to show for her attempts to restore expansion at the biggest United States Web portal.
Johnson & Johnson (NYSE:JNJ) on Tuesday announced profit in fiscal Q1 moved down from previous year. However, financial results surpassed forecasts on strong pharmaceutical sales.
Healthcare giant reported net earnings plunged to $3.5 billion or $1.22 a share from previous year’s $3.91 billion or $1.41 a share. But, the company was able to back its full year profit estimates.The most recent results comprised after-tax onetime items of almost $600 million, linked with setting court cases and its Synthes acquisition.
Has JNJ Found The Bottom and Ready To Move Up? Find Out Here
Adjusted quarterly net earnings were $1.44 a share. Thomson Reuters 18 analysts’survey on average forecasted EPS of $1.40 for three months period. Sales moved up 8.5% to $17.51 billion from $16.14 billion, surpassing median forecast of $17.44 billion.
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