TheStreet.com media critic Marek Fuchs writes that the stories about Yahoo’s earnings were off the mark in reporting that the results weren’t as bad as expected.
“The confusion, I believe, stems from the business media’s need to attach a meaningful-sounding explanation to a blip in Yahoo!’s stock price, a thinly traded after-hours bounce after the company reported post-market close Tuesday.
“Take a look at this Associated Press headline, for example:
“The article’s second sentence gets right to work telling this tale of two expectations:
‘While the results released Tuesday missed analyst expectations, the performance wasn’t as bad as many investors feared after Internet search and advertising leader Google Inc. disappointed Wall Street with its second-quarter earnings last week.'”
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