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Market shrugs off Yahoo record revenue | |
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| Time: 09:06 EST/14:06 GMT | News Source: E-Mail | Posted By: Brian Kvalheim | ||
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Internet bellwether Yahoo unveiled its fifth straight quarter of record revenue Wednesday, but Wall Street punished the Sunnyvale company in after-hours trading for not beating analysts' expectations. Second-quarter revenue more than doubled to $832.3 million from $321.4 million in the same period a year ago. Profit rose to a record $112.5 million, or 8 cents a share. That's up from $50.8 million, or 4 cents a share, from a year ago. | ||
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