Yahoo Posts a Profit

Susan Hall

Though its revenues declined in the fourth quarter, Yahoo posted a profit that beat expectations, suggesting its advertising revenue is becoming more stable, reports CNNMoney.com.

 

It posted profit of $119 million, or 11 cents a share, compared with a loss of $278 million, or 22 cents a share, during the period in 2008. Net revenue fell to $1.26 billion from $1.38 billion. Though sales were off 4 percent to $1.7 billion year-over-year, they were up 10 percent over the previous quarter, according to MarketWatch.



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