Yahoo's 3Q Profit Nearly Quadruples
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SAN FRANCISCO - Internet giant Yahoo Inc.'s third-quarter profit nearly quadrupled, reflecting a continued boom in online advertising.    The Sunnyvale-based company said Tuesday that it earned $253.3 million, or 17 cents per share, for the three months ended in September, up from net income of $65.3 million, or 5 cents per share, at the same time last year...
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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.Revenue for the period, ended Dec. 31, came in at $1.832 billion, up 8 percent compared with 2006&#39;s fourth quarter, the company said Tuesday. Subtracting the commission that Yahoo pays to sites in its advertising network, revenue was $1.403 billion, up 14 percent but missing the $1.406 billion consensus expectation from financial analysts polled by Thomson Financial.Meanwhile, net income fell to $206 million, or $0.15 per share, from $269 million, or $0.19 per share. On a pro forma basis, which includes one-time items, net income was $280 million, or $0.20 per share, down from $297 million, or $0.21 per share. Analysts expected Yahoo to post earnings per share of $0.11.Yahoo&#39;s statement doesn&#39;t mention staff reductions, which the company is rumored to be mulling. The company will most likely field questions about layoffs in its earnings-release conference call Tuesday afternoon.
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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 on Tuesday a  quarterly net profit that more than tripled from the year  earlier, boosted by the sale of shares it held in rival Google  Inc. and stronger online ad revenue that analysts said may  signal good results from other Web search providers.
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EBay&#39;s third-quarter net income nearly doubled and revenue climbed 52 per cent, as the company&#39;s international auction business and a strong back-to-school season counteracted seasonally slow summer months.
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Oracle Corp. , the world's third-largest software maker, reported on Tuesday higher quarterly profit as sales of products it acquired over the past year helped boost earnings.
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Yesterday, China&#39;s #1 search giant, Baidu reported a quadrupling of sales. And on Tuesday, Yahoo! announced that their profits have tripled thanks to online advertising.
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Yahoo Japan Corp. 4689.T reported a  39.2 percent jump in third quarter net profit on Thursday,  helped by its online auction and advertising businesses, and  said it expected to finish the year on a strong note.
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Amazon.com sees third-quarter profits more than triple as sales increase in all its world markets.
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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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Yahoo said that its fourth-quarter net income fell to $206 million, a 23-percent decline from $269 million in the same quarter a year ago.
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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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SAN FRANCISCO - Google Inc.'s fourth-quarter profit nearly tripled amid another burst of breathtaking growth that enabled the online search leader  to sprint past analyst expectations - a habit that has helped propel its  stock price above $500.
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Online marketing firm ValueClick Inc. jumped more than 20 percent in Friday trading after the company tripled its third-quarter profit and raised its revenue forecast for the year.
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The increase reflected a continued boom in online advertising, as well as a windfall that Yahoo realized from selling part of its stake in rival Google Inc. -AP
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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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US Internet portal Yahoo's profit grew fivefold in the fourth quarter from a year earlier to 373 million dollars, lifted by strong advertising revenues and one-time gains, the company said.