Yahoo Earnings Rise In Q3, But Sales Flat
October 19, 2010 at 3:45 PM (PT)
YAHOO 3Q earnings rose 113% to $396 million, which exceeded WALL STREET expectations, However, sales missed forecasts, according to FORBES.COM.
The company grew revenue by 2% to $1.6 billion in Q3, but its net revenue was $1.12 billion, below the $1.13 billion. The earnings were goosed by profits made from the company's sale of HOTJOBS to MONSTER.COM for $225 million.