Yahoo Scores High Profits As Sales Fall Short
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With 18 months at the helm, Carol Bartz is now the unquestioned captain of the good ship Yahoo. The economic performance of the company is a reflection of her policies and ideas. So it's time to see if her ideas are paying off. As of this quarter, things are still a little mixed. Yahoo reported good profits for the quarter but sales fell short. However, there was some good new to be had, as Datamation reports.
Yahoo (NASDAQ: YHOO) on Tuesday reported second-quarter profits that topped analysts' expectations, but overall sales fell short and company shares took a hit in after-hours trading.
For the quarter, Yahoo reported earnings of $0.15 per share, a penny higher than analysts were expecting and 53 percent ahead of the same period last year. Net income for the quarter totaled $213 million, 51 percent above last year's mark.