Profits Missing the Mark at 2006-01-23 19:40:19
So that's why the Yahoo (YHOO) insiders have been selling. After the bell internet giant Yahoo said fourth-quarter profits doubled, but missed analyst’s forecasts by a penny.
In after market trading, Yahoo is trading down $5.36 or 13%. Whenever a stock is priced for perfection, this is what usually happens.
Amazingly, shares of Google (GOOG) are also trading down $16.61 in sympathy with Yahoos miss. Google is currently priced at $450.50 in the after market.
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