Wednesday, July 20, 2011

Yahoo: slight decline in sales in the second quarter

Web portal Yahoo has disappointed investors, Tuesday, July 19, with a new backflow of its sales in the second quarter, despite a 11% increase in quarterly net profit to 236.97 million dollars (166 , 74 million euros). The net sales for the second quarter, that is, outside fees paid by Yahoo to partner websites, was $ 1,1 billion, against 1,13 billion  a year ago.

The CEO, Carol Bartz, increasingly challenged, conceded during the teleconference that these results were "mixed", with "the good, encouraging and non-satisfactory".

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