Yahoo posted its third-quarter earnings report Tuesday, revealing a revenue and earnings slide as it continues to make acquisitions and launch new products. The company reported $1.08 billion in revenue excluding traffic acquisition costs, a 1 percent dip from the same period a year ago. Profit dropped to $297 million, or 34 cents per share — a 91 percent drop from a year earlier since last year when Yahoo reported a $2.8 billion gain from selling some of its stake in Alibaba.
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Investors Give Yahoo Benefit of Doubt
Posted by: Rachelle Dragani October 16, 2013 05:02 PMYahoo posted its third-quarter earnings report Tuesday, revealing a revenue and earnings slide as it continues to make acquisitions and launch new products. The company reported $1.08 billion in revenue excluding traffic acquisition costs, a 1 percent dip from the same period a year ago. Profit dropped to $297 million, or 34 cents per share — a 91 percent drop from a year earlier since last year when Yahoo reported a $2.8 billion gain from selling some of its stake in Alibaba.