Short Reports

Thu., April 6, 2000

From Staff

First-quarter earnings at Yahoo Inc. beat expectations as people continued to flock to the world’s leading Web destination to buy and sell products or find information on the Internet. For the three months ended March 31, Yahoo reported net income of $77.8 million, or 13 cents a share, compared with $1.8 million, or 0 cents a share in the year-ago period.

Wall Street took a liking to doughnut-maker Krispy Kreme on its first trading day Wednesday, as shares climbed more than 70 percent. The Winston-Salem company’s initial public offering was priced at $21 per share, and opened at $32 on the Nasdaq Stock Market. It finished up $16 and $37.

Vista Eyecare, which operates retail optical stores nationwide, filed for Chapter 11 bankruptcy protection Wednesday, citing a cash drain from stores it bought two years ago.

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Short Reports

Jesse Tinsley

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