Yahoo posts net income of $186 m

During the reporting quarter, its revenue declined by 12 per cent to US$1.57 billion from US$1.78 billion in the year-ago period.

“With the revenue coming in above our guidance and flat sequentially, we had a solid third quarter that signals our major businesses have stabilised,” Yahoo Chief Executive Officer Carol Bartz said.

For the fourth quarter, the company said that it anticipates income from operations to be in the range of US$135 million to US$155 million. Further, it projects revenue in the range of US$1.6 billion to US$1.7 billion for the next quarter.

The company showed some improvement in its key business areas, even as marketing services revenues fell 12 per cent and fees revenues slipped 11 per cent.

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