BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX     

BBC News World Edition
 You are in: Business  
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
E-Commerce
Economy
Market Data
Entertainment
Science/Nature
Technology
Health
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
SERVICES
-------------
EDITIONS
Wednesday, 9 October, 2002, 21:30 GMT 22:30 UK
Yahoo returns to winning ways
Yahoo graphic
The internet company Yahoo has reported a profit and a sharp increase in sales.

The company said it made a profit of $28.9m (18.5m), or five cents per share, in the third quarter of the year, compared with a loss of $24.1m last time.


Our efforts to position the company for sustainable, profitable growth are paying off

Terry Semel, Yahoo chief executive
The profit was higher than most analysts had been expecting.

The company said its revenue increased by 50%.

Much of that came from new services, including the online recruiting site Hot Jobs that Yahoo acquired earlier this year.

But the firm said that even its advertising sector performed well and had attracted small and medium sized businesses.

Boost for shares

Earlier this year, Yahoo entered a partnership with the online advertising company Overture Services to include paid ads, also known as paid listings, in its internet search results.

The company said the new feature had attracted many smaller advertisers who could not afford large promotions.

When the New York stock market closed Yahoo shares were up 47 cents at $9.98 a share.

But once the financial figures had been published they were selling for around $10.15 in after-hours trading.

"Despite a challenging external environment, it is clear Yahoo is benefiting from the strategy and plan we laid down nearly a year ago," said the chairman and chief executive Terry Semel.

"Our efforts to position the company for sustainable, profitable growth are paying off," he added.

See also:

10 Jul 02 | Business
19 Jul 02 | Science/Nature
11 Jul 02 | Business
11 Jun 02 | Business
23 May 02 | Business
11 Apr 02 | Business
10 Apr 02 | Business
18 Mar 02 | Business
17 Jan 02 | Business
27 Dec 01 | Business
13 Dec 01 | Business
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories

© BBC ^^ Back to top

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East |
South Asia | UK | Business | Entertainment | Science/Nature |
Technology | Health | Talking Point | Country Profiles | In Depth |
Programmes