Profits Triple at Yahoo!

Yahoo’s profits for the third-quarter tripled versus the same period last year.

>From a the Bloomberg story, “Net income rose to $253.3 million, or 17 cents a share, from $65.3 million, or 5 cents, a year earlier…Excluding the gain from selling shares in Google’s initial public offering, Yahoo said it would have earned $124 million, or 9 cents a share. That matched the average estimate of 9 cents a share from 26 analysts surveyed by Thomson Financial.”

You can listen to the conference call and read the complete news release here.

Related reading

eeg
site stats
citizen kane newspaper
bull
Simple Share Buttons