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TECH; Yahoo Gains in Revenue, Aided by Internet Dating Provider

TECH; Yahoo Gains in Revenue, Aided by Internet Dating Provider

A number of hot times has spiced up the otherwise business that is bleak Yahoo.

While marketing revenue will continue to decline for Yahoo, the top Web portal, charge income, specially from the quickly growing online personals service, is getting back together the real difference.

The business’s income within the very first quarter ended up being $192.7 million, up 7 %. Excluding revenue from HotJobs, the web site that is help-wanted Yahoo purchased in February, the business’s product sales had been basically flat using the $180 million it posted per year early in the day and somewhat in front of analysts’ objectives.

Yahoo destroyed $53.6 million within the quarter, mainly due to a $64 million cost associated with alterations in accounting.

Excluding that cost, the business received $10.5 million, in comparison to a loss in $11.5 million into the duration an earlier year. The revenue means 2 cents a share, matching analysts’ forecasts.

”No bad news is very good news for Yahoo,” stated Safa Rashtchy, an analyst at U.S. Bancorp Piper Jaffray. ” They usually have made progress, nevertheless they have not done such a thing impressive.”

Shares of Yahoo, which announced its outcomes following the areas shut, dropped 2 cents, to $18.44. Continue Reading