Yahoo Inc.fourth-quarter profit surged 83% as advertisers continued to shift spending to the Internet, but it wasn't enough to produce a profit that lived up to lofty expectations for the Web's most heavily trafficked destination.
The company posted net income of $4.7 million for Q4 on revenues of $58.7 million, resulting in per-share profit of $0.15. Full-year revenues came in at $169.5 million, for a profit of $17 million, or $0.60 a share.
Bambi Franscisco at Marketwatch.com reviews the numbers and more in this AP article: Yahoo's 4Q Profit Nearly Triples on Ads. Yahoo! has just released their Q4 2004 earnings. You can find the numbers and highlights in this news release.
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