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Yahoo’s Q3 Profit Drops 5 Percent

Oct 16, 2007  •  Post A Comment

Search giant Yahoo’s third-quarter profit fell 5 percent, a smaller decline than Wall Street expected. That lifted the stock’s price by nearly 10 percent in late trading Tuesday after the company released its third-quarter earnings report.
Wall Street’s expectations for Yahoo were low given the company’s recent executive shuffles and its financial struggles earlier in the year.
Net income for the quarter slipped to $151.3 million from $158.5 million a year ago, while total revenue rose to $1.77 billion from $1.58 billion.

7 Comments

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