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  Yahoo! Predicts Better Sales and Profit
Time: 09:07 EST/14:07 GMT | News Source: Seattle Times | Posted By: Brian Kvalheim

Quarterly income more than doubled at Yahoo! Inc. as company executives touted a resurgence in Internet advertising that prompted them to increase sales and profit projections. Yahoo, one of the Internet's most prominent brands and a bellwether for the industry said net income surged to $50.8 million, or 8 cents per share, in the second quarter. The company earned $21.4 million, or 3 cents per share, in the same quarter of 2002.
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