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Yahoo profitable again

Yahoo profitable again

The largest Internet portal, Yahoo, has been in the black again in the last quarter for six lossy quarters in a row. As Yahoo announced on Wednesday after the market closed, a net profit of $ 21.4 million was achieved from April to June with a turnover of 225.8 million dollars.

Sales were 24 percent higher than last year. Earnings per share were three cents - analysts had only expected two cents. According to Yahoo, the paid job exchange HotJobs and paid information in particular contributed to the positive result, while the advertising business continued to decline, which, according to Yahoo CEO Terry Semel, will not recover this year either. For the next quarter, Yahoo expects sales of $ 225 to 250 million. The sales expectations for the whole year have been revised upwards to up to 940 million.