Yahoo Scores High Profits As Sales Fall Short

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.

Read the full story at Datamation:

Yahoo Q2 Profits Soar on Web Ads, but Sales Fall Short

News Around the Web