Flat Yahoo profit tops expectations
SAN FRANCISCO (Reuters) - Yahoo Inc. (NasdaqNM:YHOO - News), the world's largest Internet media company, on Tuesday reported a a flat quarterly net profit that nonetheless topped Wall Street expectations as revenue surged from search and branded ads.
In a statement, the Sunnyvale, California-based company raised its outlook for revenue and operating profits for the rest of 2005 by small margins.
Third-quarter net income rose to $254 million, or 17 cents per diluted share, compared with the year-earlier's $253 million, or 17 cents a share.
In a statement, the Sunnyvale, California-based company raised its outlook for revenue and operating profits for the rest of 2005 by small margins.
Third-quarter net income rose to $254 million, or 17 cents per diluted share, compared with the year-earlier's $253 million, or 17 cents a share.
posted by Gordengekko at 5:22 PM
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