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.

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