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Yahoo Posts Record Earnings

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Sat, 07/10/2004 - 01:11 — Christoph C. Cemper

Second-quarter revenue more than doubled to $832.3 million from $321.4 million in the same period a year ago. Profit rose to a record $112.5 million, or 8 cents a share. That's up from $50.8 million, or 4 cents a share, from a year ago.

After factoring in ``traffic acquisition costs'' — the fees that Yahoo pays to other Web sites that carry its advertising — Yahoo's revenue was $609.1 million, a 90 percent jump from the same period a year ago.

Mercury

Yahoo Posts Record Earnings

and CNN says: Yahoo stock is down 11.1%

wall street rule: Buy the rumor, sell the news.

Sales outlook is weak.

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