Arab Today, arab today yahoo profit rises by 46 though sales still drag
Last Updated : GMT 09:13:08
Arab Today, arab today
Arab Today, arab today

Yahoo profit rises by 46%, though sales still drag

Arab Today, arab today

Arab Today, arab today Yahoo profit rises by 46%, though sales still drag

San Francisco - QNA

Yahoo’s profits rose by 46 percent in the second quarter, aided by nearly a dozen product launches, though sales at the company were still down. Net earnings for the quarter ended June 30 were $331 million, up from $227 million for the same quarter last year, Yahoo reported Tuesday. Revenue, however, was $1.14 billion, a 7 percent decline from last year. Subtracting commissions and fees paid to advertising partners, the Internet company’s second-quarter sales were $1.07 billion, about 1 percent down compared to the same period last year. In its first-quarter earnings, Yahoo, which has struggled in recent years to reinvent itself and maintain its relevance, also reported a 7 percent drop in revenue. Second quarter net earnings per share were $0.30, approximately a 67 percent increase from $0.18 in the year-ago quarter.  

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