Yahoo Q2 bests estimates (YHOO) by August Cole
Yahoo reported a second-quarter profit of 1 cent a share and revenue of $182.2 million, besting Wall Street's break-even
per-share expectation and revenue target of $175 million. Last year, the Santa Clara, Calif.-based Internet portal
operator said it earned 11 cents a share during the second quarter, when quarterly revenue hit $273 million. Yahoo also
held to its full-year profit targets. The company also announced new executives in Asia and Europe. Yahoo (YHOO)
shares had ended the day down 4.5 percent to $17.03.
Yahoo reported a second-quarter profit of 1 cent a share and revenue of $182.2 million, besting Wall Street's break-even
per-share expectation and revenue target of $175 million. Last year, the Santa Clara, Calif.-based Internet portal
operator said it earned 11 cents a share during the second quarter, when quarterly revenue hit $273 million. Yahoo also
held to its full-year profit targets. The company also announced new executives in Asia and Europe. Yahoo (YHOO)
shares had ended the day down 4.5 percent to $17.03.