Yahoo on target for revenue expectations
By siliconindia   |   Wednesday, 27 January 2010, 14:49 IST   |    15 Comments
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Yahoo on target for revenue expectations
San Francisco: Yahoo has announced the fourth quarter result and has posted net income of $153 million, meeting Wall Street expectations. The company has announced 11 cents a share, matching analysts' average per-share forecast. Yahoo said revenue in the three months ended December 31 totaled $1.73 billion, compared with $1.81 billion in the fourth quarter of 2008, according to Reuters. Last year Yahoo had suffered net loss of $303 million, or 22 cents per share, after more than $500 million of write-downs and restructuring charges. This year excluding traffic acquisition costs, Yahoo said revenue was $1.26 billion, a hair above the average analyst expectation of $1.23 billion. Yahoo has also forecasted the revenue of the coming first quarter, which it claims would be in range of $1.575 billion and $1.675 billion. The midpoint of the range would represent the first year-on-year revenue increase in six quarters.

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