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Yahoo 1Q earnings are out, their profits droppd 11%

Colin Colehour [PersonRank 10]

Wednesday, April 18, 2007
17 years ago2,241 views

Yahoo's 1st Quarter earnings are out and their profits dropped 11%. The revenue was better than the same quarter a year ago but their costs have gone up. Their Panama Ad system did better than expected the first quarter but was not enough to boost profits.

"Excluding fees Yahoo pays its affiliates, revenue totaled $1.18 billion, up 9% from a year ago but less than the $1.21 billion expected by analysts."

http://www.marketwatch.com/news/story/yahoo-profit-falls-11-higher/story.aspx?guid=%7BA1F30BF2%2D509C%2D44CD%2DB2D5%2D31DF77754783%7D&dist=TQP_Mod_mktwN

Tomorrow, April 19th, Google will announce their 1Q earnings in a conference call at 1:30 pm PT.

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