Yahoo's bottom line down 26% in Q3

Wednesday, October 19, 2011

California-based Yahoo (Nasdaq: YHOO) posted a US$293mn net profit in the third quarter of 2011, down 26% compared to the year-ago period, the company said in a statement.

Yahoo's revenues reached US$1.22bn in the quarter, a 24% decline compared to 3Q10.

Revenue for the fourth quarter is expected to be in the range of US$1.28bn-1.40bn.

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Go to this link to see Yahoo's quarterly financial results.