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October 19, 2011 12:19 am GMT
Yahoo reported third quarter earnings today. Revenue excluding traffic acquisition costs ("revenue ex-TAC) was $1.072 billion for the third quarter of 2011, a 5 percent decrease from the third quarter of 2010. Net earnings per diluted share decreased 21 percent to $0.23 in the third quarter of 2011, compared to $0.29 in the third quarter of 2010. Yahoo actually beat Wall Street expectations; analysts expected earnings of $0.17 a share, on revenue of $1.09 billion.Net income for the quarter came in at $293 million, down 26 percent from the same quarter in 2010. Income from operations decreased 6 percent to $177 million in the third quarter of 2011, compared to $189 million in the third quarter of 2010. The year over year decreases were primarily due to the revenue share related to the Search Agreement with Microsoft. GAAP revenue was $1.217 billion for the third quarter of 2011, a 24 percent decrease from the third quarter of 2010, again primarily due to the Search Agreement and the associated revenue share with Microsoft.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wWEmZ2s_vM8/
Yahoo Q3 Revenue Down 5 Percent To $1.07B; Net Income Down 26 Percent To $293M
Yahoo reported third quarter earnings today. Revenue excluding traffic acquisition costs ("revenue ex-TAC) was $1.072 billion for the third quarter of 2011, a 5 percent decrease from the third quarter of 2010. Net earnings per diluted share decreased 21 percent to $0.23 in the third quarter of 2011, compared to $0.29 in the third quarter of 2010. Yahoo actually beat Wall Street expectations; analysts expected earnings of $0.17 a share, on revenue of $1.09 billion.Net income for the quarter came in at $293 million, down 26 percent from the same quarter in 2010. Income from operations decreased 6 percent to $177 million in the third quarter of 2011, compared to $189 million in the third quarter of 2010. The year over year decreases were primarily due to the revenue share related to the Search Agreement with Microsoft. GAAP revenue was $1.217 billion for the third quarter of 2011, a 24 percent decrease from the third quarter of 2010, again primarily due to the Search Agreement and the associated revenue share with Microsoft.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wWEmZ2s_vM8/
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