The company has big aspirations for its DirecTV acquisition and plans to unveil a new video service before spring.
Yahoo reports earnings of 34 cents per share on revenue of $1.14 billion, down 5 percent from a year ago.
Company reports earnings of $1.14 per share on $30.8 billion in sales, and it forecasts earnings of $1.03 to $1.05 per share on sales of $29.6 billion to $29.9 billion.
Shares in PC maker Gateway slid 18 percent Friday, one day after the company reported sharply lower sales and announced more layoffs and store closures. Gateway?s stock closed down $1.14 to $5.22, on a volume of 14.4 million shares--more than five times its average daily volume. The stock is near its 52-week low of $4.24.
Disk drive maker Western Digital warned that its fourth-quarter results will fall "substantially short" of analyst expectations, before one-time charges, and that it expects an operating loss of more than $100 million, or $1.14 a share. WDC attributed the shortfall to intense pricing pressures and reduced unit volumes in its desktop hard drive business.