You may remember Yahoo announced details of their last quarterly performance where they posted their first profit in over a year. At the time it was seen as possibly more of a blip than a sign of things to come but Yahoo have beat the odds this quarter and seen their earnings surge so far this year.
Although not all areas have blossomed with a reported $1.13 billion in revenue, which analysts had anticipated to be nearer $1.17 billion, Yahoo have still seen a reported net income of $310 million which dwarfed the $118 million estimate. Elsewhere they also posted earnings per share of $0.22 over an estimated $0.09 and while their stock dropped by 2.5% this was anticipated as potentially more. Compared with Google's drop of 4.51% last week Yahoo! doesn't come out looking too bad.
After her appointment as chief executive last year Carol Bartz appears to be making headway. In a statement she revealed how growing advertising on Yahoo was a big part of the success as advertisers “took advantage of the science, art and scale that only Yahoo! Can offer.”
In addition to improved advertising, much of Yahoo!'s profits this year came from the recent sale of an email service and payments from their advertising partnership with Microsoft. With such a vastly improved performance Yahoo will clearly be looking to emulate their last quarter's growth, and with continued advertising streams it looks like a distinct possibility.
- Why Invest In Content Marketing? - March 12, 2013
- Why Creative Copywriting Can Make or Break Your Brand - March 12, 2013
- What is Your Sites Link Profile Saying about You? - February 19, 2013
- Can a Small On-line Business Really Compete with the Big Boys? - February 19, 2013
- Ramsay’s Web Wire – Issue #40: Sleet, Snow and SEO - December 3, 2010
- Ramsay’s Web Wire – Issue #39: Out of the Google Frying Pan… - November 26, 2010
- Ramsay’s Web Wire – Issue #38: The Google, the Bad and the Ugly - November 19, 2010
- Ramsay’s Web Wire – Issue #37: Google Jams A Few Rockets In Your Pocket - November 5, 2010
- Ramsay’s Web Wire – Issue #36: Google Gets All Up in Your Business - October 29, 2010
- Ramsay’s Web Wire – Issue #35: Google’s Groovy Giftset - October 22, 2010
You may also be interested in:
- Yahoo UK & Ireland Directory to Close in November Yahoo UK & Ireland directory gets kicked into touch ...
- Yahoo Announce First Profit in Over a Year Yahoo announce their first quarterly profit in over a year. However, with a drop in revenue are they actually making...
- Google and Yahoo appreciate good Discussion Googles new features highlight the increasing importance of Discussion in search results....
- Google Up in December Search Rankings as Yahoo and Bing Slip The Nielsen Company have released their U.S. search engine ranking results for December revealing how the underdogs Bing and Yahoo...
- The Death Of Yahoo! The merger of Microsoft Bing and Yahoo heralds a sad day in search engine history... ...
Cozy Digital is an