Yahoo Canceled Earnings Call
Yahoo released their earnings statement on Tuesday, but took the unusual step of skipping out on a conference call to discuss the earnings.
The way it usually works is that a company will release their earnings statement than get on a call with analysts, investors, reporters and various other interested parties for a Q&A session. Most people think Yahoo didn’t want to hold the call in order to escape embarrassing questions over news of hacks and providing a backdoor to the government, which will likely have an effect on their purchase by Verizon. The official line is that they didn’t do the call “due to the impending transaction with Verizon.”
Yahoo has already been losing money for years and many speculate that the recent news could negatively impact Verizon’s offer of a buyout.