Yahoo Reports Drop in Quarterly Profit
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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.
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Yahoo, struggling to compete with Google on search and advertising and to adapt to recent changes in management, said yesterday that second-quarter profit dropped 2.3 percent.
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Yahoo Inc.  reported a dip in quarterly profit on Tuesday as corporate advertisers spent less on its online ads, and the company gave a weaker-than-expected forecast for the rest of 2007.
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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&#39;s second-quarter profit slipped slightly while revenue growth remained lackluster, extending a malaise that prompted the Internet icon to replace its chief executive recently.
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Dow Chemical Co  on Tuesday reported a drop in quarterly profit that was not as steep as analysts had expected as growth overseas helped offset weak housing and auto markets and spiraling energy and raw material costs.
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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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Yahoo Inc.  reported a  dip in quarterly profit on Tuesday as corporate advertisers  spent less on its online ads, and the company gave a  weaker-than-expected forecast for the rest of 2007.
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Ask Jeeves Inc. ASKJ.O posted  sharply higher quarterly profit and revenue on Thursday but its  shares fell almost 5 percent as its Web search business grew  slower than some analysts expected.
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CEO blames new employees How much does Wall Street expect from Google? Two days after Yahoo! announced a quarterly earnings drop, Google said its revenue was up 58 per cent, and financial analysts wanted to know what went wrong.â¦
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But the market expected it! Yahoo! today reported a slight drop in quarterly profits from last year, but a figure in line with previously lowered expectations. The company's second quarter results are the first dose of earnings to arrive since co-founder Jerry Yang replaced Terry Semel as CEO.â¦
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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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TOKYO (CBS.MW) - Yahoo Japan said Wednesday its second-quarter net profit rose 46.2 percent from a year earlier, helped by advertising sales and growth of its online auction services.
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InfoWorld - Yahoo'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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Cosmetics maker Estee Lauder Cos. Inc.   posted a lower quarterly profit on Wednesday, dragged  down by a restructuring charge and a settlement with the U.S.  Internal Revenue Service.
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Q4 profits dip Yahoo! president Sue Decker believes her company is "moving from catch-up mode to a mode of true differentiation." But its fourth quarter profits were down 23 per cent, and it will soon axe seven per cent of its work force.â¦
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The Washington Post Co. said today its fourth-quarter profit was down 6.7 percent to $95.5 million, from $102.4 million in 2005, despite a 10 percent gain in revenue.