E-commerce powerhouse Yahoo! Inc. (Nasdaq: YHOO) wowed investors and industry observers with the release of its Q1 1999 earnings, which exceeded expectations with a net profit of $16.4 million (US$). The company reported net revenues totaling $86 million for the first quarter, ended March 31, 1999 — that’s nearly triple the revenues of $30.6 million reported in the comparable period of the previous year.
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Yahoo! Makes Big Splash with Q1 Profits
Posted by: James Hollander April 8, 1999 12:00 AME-commerce powerhouse Yahoo! Inc. (Nasdaq: YHOO) wowed investors and industry observers with the release of its Q1 1999 earnings, which exceeded expectations with a net profit of $16.4 million (US$). The company reported net revenues totaling $86 million for the first quarter, ended March 31, 1999 — that’s nearly triple the revenues of $30.6 million reported in the comparable period of the previous year.