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Yahoo Sees Profits More Than Double

Authored by Mark Hefflinger on July 7, 2004 - 6:57am.
Sunnyvale, Calif. -- Buoyed by a rebound in the online advertising market, Yahoo on Wednesday said that it more than doubled its quarterly earnings of a year ago. The company reported earnings of $112.5 million, up from $50.8 million a year ago, on revenue of $832.3 million, up from $321.4 million. The results matched analysts' expectations, according to a survey by Thomson First Call. Susan Decker, the CFO of Yahoo, said that the company is benefiting from its "diverse and balanced sources of revenue, which have well positioned the company to deliver strong, consistent and profitable growth." Revenue from fee-based services, such as premium e-mail, grew 49%.
http://biz.yahoo.com/bw/040707/75769_1.html

tags: Yahoo | Profits | Double |



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