Yahoo Releases Q2 Earnings
Last Updated on Wednesday, 21 July 2010 09:24 Written by Daisy Harley Wednesday, 21 July 2010 09:24
Yahoo has just released its second quarter earnings report. The company is reporting a net income of $0.15 per share, besting Street expectations by a cent. Operating income was $175 million, up from $76 million a year ago; Revenue was $1.6 billion, up 2% year over year. Yahoo’s press release highlights growth in the company’s display advertising, which is up 19%.
The release also highlights Yahoo’s recent moves to integrate Facebook, its acquisition of Associated Content, and its social gaming partnership with Zynga, among other news. We’ll have more during the company’s conference call, which begins at 2PM PST.
Source: http://techcrunch.com/2010/07/20/yahoo-releases-q2-earnings/
