Yahoo Announces 2nd Quarter Income

Yahoo have reported second quarter net income of $141.4 million, or 10 cents a share, on revenue excluding traffic acquisition costs of $1.14 billion. Wall Street was expecting Yahoo to report earnings of 8 cents a share on revenue of $1.14 billion. Non-GAAP second quarter earnings were 16 cents a share, on par with expectations (statement). In the same quarter a year ago, Yahoo reported earnings of 9 cents a share on revenue of $1.34 billion….read the rest at ZDnet.