Yahoo reports drop in profit for Q4 2007
Yahoo reported a fall in fourth quarter earnings year over year to $205.7 million or 15 cents/share from $268.7 million or 19 cents/share last year. Total revenue rose 8 percent to $1.8 billion, while net sales, which excludes traffic acquisition costs, rose to $1.4 billion from $1.2 billion. A Thomson Financial poll of analysts estimated earnings at 11 cents/share on net sales of $1.4 billion. [MarketWatch]