Yahoo Profit Down 5% in 3rd Quarter, Better Than Wall Street Expected
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SAN FRANCISCO, Oct. 16 -- Yahoo's third-quarter profit fell less than analysts had expected, raising hopes that the slumping Internet powerhouse can deliver on the comeback promises of a new management team that took over four months ago.
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The newspaper publisher and television station operator said third-quarter profit fell to $2.5 million as ad revenue slumped.
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Yahoo Inc.'s third-quarter results will be hurt by what appears to be a slowdown in the growth of auto and financial advertising, the Internet company's chief financial officer said Tuesday. Its stock fell 12 percent.
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Yahoo&#39;s fourth-quarter revenue grew, but net income fell as the struggling Internet giant tried to put its house in order and improve its ability to compete against Google and other rivals.
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Stocks fell on Tuesday as Internet   shares dropped after Yahoo Inc.YHOO.O warned weaker   advertising revenue would hurt its third quarter, while a   military coup in Thailand rattled global markets.
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Yahoo Profit More Than Triples Thanks to Overture  Yahoo's quarterly profit more than tripled when compared to Q3 2003. The increase in Yahoo profit over this time period is largely attributed by the performance of Yahoo's search engine advertising service Overture. Yahoo posted net income of $253.3 million, or 17 cents ...
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InfoWorld - Yahoo&#39;s net income fell year-over-year in a quarter that saw&#160;Yahoo leadership change hands&#160;amid criticism that the company failed to capitalize on the explosive growth of the search-engine advertising market.
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Yahoo's recently resurgent stock retreated by more than 5 percent yesterday on fears that a setback in a lucrative partnership with AT&T will undercut the anticipated gains from an update of the Web portal's advertising platform.
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Yahoo Inc. YHOO.O Chief Financial   Officer Sue Decker said on Tuesday the company expects to   deliver third-quarter results "at the bottom half of the range   of financials" previously forecast.
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The main problem is that Yahoo has not been nearly as good as Google at reaping profits from the huge volume of search traffic it attracts.
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Yahoo said that it would still meet its financial goals for the third quarter, but that its profit and revenue would be toward the bottom end of its forecast range.
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Yahoo Inc.  on Tuesday reported its quarterly profit nearly quintupled as online advertising took business from television, search services grew and Yahoo sold a stake in rival Google Inc.
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Internet media company Yahoo Inc.  on Tuesday reported a dip in quarterly profit, weighed down by weak display advertising, and gave a weaker-than-expected forecast through the end of 2007.
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Internet media company Yahoo Inc. reported on Tuesday a quarterly net profit more than tripled from the year earlier, boosted by stronger online advertising and the sale of its stake in Google Inc.
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Yahoo Inc  reported a drop in quarterly profit on Tuesday and its shares fell nearly 7 percent as Chief Executive Jerry Yang predicted a tough 2008 amid a weakening U.S. economy.
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Northwest Airlines Corp , the No. 5 U.S. airline, reported a third-quarter profit on Monday that shattered Wall Street expectations.
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Yahoo reported a drop in quarterly profit  and its shares fell nearly 7 percent as Chief Executive Jerry Yang predicted a tough 2008 amid a weakening U.S. economy.