Yahoo with super strong quarter

Filed in archive Global Economy on April 8, 2004

Yahoo shows impressive numbers.

"The Internet media company earned $101 million, or 14 cents a share, compared with $47 million, or 8 cents, a year ago. Analysts polled by Thomson First Call expected earnings of 11 cents a share.

Revenue, excluding ad revenue that Yahoo shares with distribution partners, nearly doubled to $550 million for its first quarter ended March 31. Sales were boosted by Yahoo's acquisition of Web advertising-Driven search engine Overture Services last year.

As a result, Yahoo revised its 2004 revenue projections upward to $2.4 billion to $2.5 billion. That, too, eclipsed analysts' projections."