Yahoo Profit Nearly Quintuples
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Yahoo Inc. YHOO.O 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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Amazon.com Inc. posted quarterly net profit on Tuesday that more than tripled, surprising Wall Street as U.S. sales jumped and the company raised its 2007 sales and operating earnings outlook, sending shares up more than 20 percent.
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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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The open-source software provider said that its third quarter profit rose as a surge in subscriptions helped offset increased spending on marketing and research.
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Yahoo Inc.'s financial malaise dragged on during the second quarter as the Internet icon's profit slipped slightly and revenue growth lagged behind the pace of the online advertising market that it once led.
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Yahoo Inc   posted a drop in quarterly profit on Tuesday and forecast 2008  revenue below Wall Street forecasts as it cuts jobs and invests  to shore up its Web advertising business.
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YESTERDAY Close $639.62 Change +$6.14 52-WEEK High $641.41 Low $417.50 Google Inc., the owner of the most popular Internet search engine, said third-quarter profit jumped 46 percent, beating analysts' estimates, after the company extended its lead over Yahoo Inc. and grew outside the United States.
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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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Web search leader Google (GOOG) Thursday posted a rise in quarterly profit that beat expectations and showed the company dodged the slowing growth trend that has hurt rivals Yahoo and eBay.
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Yahoo Japan Corp., Japan's top Internet  portal, said on Thursday its net profit rose in the third  quarter, helped by its online auction and Web advertising  businesses, and added it expected strong earnings in the  current year.
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SAN FRANCISCO/NEW YORK  - Yahoo Inc  posted a drop in quarterly profit on Tuesday and forecast 2008 revenue below Wall Street forecasts as it cuts jobs and invests to shore up its Web advertising business.
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Tribune Co.  reported a better-than-expected rise in quarterly profit on Thursday helped by an extra week in the quarter that boosted advertising revenue at the company's newspapers.
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The company posted quarterly net profit of $904 million and revenue of $6.22 billion, up 29 percent from a year earlier.
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Fourth-quarter profit more than tripled as more companies listed on the exchange, the company said.
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SAN FRANCISCO -- Slumping Yahoo Inc.'s fourth-quarter profit dropped less than analysts feared, but management signaled the Internet icon's turnaround efforts may still take another year to pay off.
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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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Slumping Yahoo Inc.'s fourth-quarter profit dropped less than analysts feared, but management signaled the Internet icon's turnaround efforts may still take another year to pay off.