Poor David Card doesn't understand why the the market didn't love Yahoo's number. That's right the Jupiter Media analyst thought that Yahoo (NASD: YHOO) had awesome numbers (they did) and the stock should have gone up (it didn't):
The stock market continues to baffle me. Yahoo had another great quarter. Ad revenues (less fees paid to network partners) were up 7% sequentially and 43% year over year to $716M. Fees and Listings (consumer and small business, Hotjobs and directories) were up 7% sequentially and 45% year to year to $159M. The sequential growth in fees appears low, as Q1 was boosted by a Japanese royalties settlement.
Perhaps it's reasoning like this that David Card is a Jupiter Research analyst, whose job it is to make headlines like "Mobile VOIP to grow 55% over the next 10 years", as a opposed to a stock analyst* that actually has to understand the growth in various industries actually translates into stock prices. I'd recommend to David this entry from Barry Ritholtz looking at the interplay between earnings reports, investor psychology, and recent price action iin predicting market reactions.
*To be fair to Mr. Card most stock analysts sound just like him