AOL Q1 Income Falls 64%; Yellen Has Bright Outlook on Economic Future

Stocks end the day mixed, with Nasdaq being dragged down by "toxic" stocks such as Whole Foods (WFM) and Yahoo (YHOO). Despite a slow first quarter, Janet Yellen believes that economic growth will accelerate throughout the remainder of the year. But she does note that the housing market slowdown may be a point of concern in the future. It seems like cutting jobs is a short-term fix to raise your share price. Lockheed Martin (LMT) and Safeway (SWY) have both eliminated jobs in the past couple of years and these company's stocks are outperforming the market.
AOL (AOL) reported that their Q1 income fell 64% from a year ago and their estimated earnings per share missed Wall Street's expectations by 11 cents.

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Published on May 7, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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