News rules lower Yahoo earnings
p2p news / p2pnet: New US accounting rules mean Yahoo has reported lower earnings than those from the year before.
"Yahoo said net income for the first three months of the year fell to $160m (£90m), from $204.6m the previous year," says the BBC.
"The firm said new methods for deducting the expenses for its employee stock options had cost it $65m more this year than at the same time in 2005."
Without the changes, "it would have reported an 18% rise in first quarter earnings," says the story.
Also See:
BBC – New rules drag on Yahoo earnings, April 18, 2006
