07-19-2007, 07:53 AM
Quote:Yahoo reported financial results for the second quarter of 2007 Tuesday, bringing the company a rise in revenue over the same quarter of last year as well as a significant drop in profit. Overall revenues rose 8 percent for the quarter, up to $1.7 billion, while marketing services revenues rose $1.49 billion, a 7 percent increase. Net income, on the other hand, dipped to $161 million, compared to $164 million for the same period in 2006. While rival Google's market share has ascended, Yahoo's stake is slipping to 16.3 percent, down from a 19.4 percent market share in 2005...
It's the first earnings report presided over by CEO and cofounder Jerry Yang since he took over for Terry Semel last month, so it's too soon to see clear results from his leadership. However, he'll have to act fast in turning profits around...
full article: http://ecommercetimes.com/story/O9URrAag...Rise.xhtml