Tuesday, 17 July 2007

Yahoo posts drop in profit, hurt by display ads

(Reuters) - Gross revenue rose 8 percent to $1.70 billion. Excluding the cost of payments to advertising partners, revenue rose 11 percent to $1.24 billion.




Wall Street was looking for a net profit, on average, of 11 cents a share, according to Reuters Estimates. The consensus for profit excluding one-time items was also 11 cents a share.


Read more at Reuters.com Business News

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