Allvoices.com - Yahoo profit soars, but revenue slides

Yahoo profit soars, but revenue slides

Yahoo Inc.'s net income more than tripled in the third quarter as it aggressively cut costs, but revenue fell by double digits as the company's turnaround strategy failed to lure back advertisers unnerved by the economic downturn. Images More Business The Sunnyvale Web giant reported revenue of $1.58...

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Coomodity-wise freight revenue by Railways goes up by 7.50 per cent

By: chnarendra

The Railways have generated Rs.27414.29 crore of revenue earnings from commodity-wise freight traffic during April-September 2009 as compared to Rs. 25502.48 crore during the corresponding period last year, registering an increase of 7.50 per cent. Railways carried 427.82 million tonnes of commodity-wise freight traffic during April-September ...

about 1 month ago
RCom under-reported revenues, says Trai audit

By: newsglobally

Costs govt Rs 315 crore in wireless and spectrum fees. A special auditor appointed by the Department of Telecommunications (DoT) has said the Anil Dhirubhai Ambani Group (ADAG)-promoted Reliance Communications (RCom) under-reported gross wireless revenues to the Telecom Regulatory Authority of India(Trai) for the financial years 2006-7 and ...

about 1 month ago
Apcotex hits upper circuit riding on the news of buyback plans: ...

By: Arrnica

Yesteday Apcotex Industries Ltd. was in the news for a 1.95 crore net profit in Q2 Sep 09 as against 1.06 crore net profit in Q2 Sep 08. Having closed at 76 yesterday, today the stock hit 79.8 to hit upper circuit and end trading for the day. This rise in price is attributed to the breaking news that the company has announced buyback plans during ...

about 1 month ago
Phenomenal Google profit

By: RayMerle

After a 27 percent net income increase from a year ago, CEO says "worst of the recession is behind us." This is Google's largest quarterly profit. This is based on a 7 percent yearly climb in revenues. The net income is $1.64 billion. Google expects to start hiring, buying companies and investing in new technology. Google will need ...

about 1 month ago
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News Stories

EBay holiday outlook disappoints, shares drop (Reuters)

News Source: Turks and Caicos Free Press | about 1 month ago

on Wednesday forecast a fourth-quarter profit at the low end of analysts' estimates, disappointing investor hopes of a substantial turnaround at its main marketplaces division during the crucial holiday season...The global e-commerce site, which also...
Bartz Makes Headway at Yahoo

News Source: Asian Wall Street Journal | about 1 month ago

Since becoming Yahoo Inc.'s chief executive in January, Carol Bartz has had to battle an advertising slump as she revamped the struggling Internet giant's operations. The company's latest quarterly results show she is making some headway. The...
Heartland announces earnings decreases

News Source: Iowa City Press-Citizen | about 1 month ago

The company said in a news release that earnings per share decreased 15.8 percent, to 16 cents, from 19 cents in the third a year ago. Net income decreased 22.5 percent, to $14.5 million, from $18.7 million in the 2008 period while operating revenues...
Yahoo rebound may take more time as revenue dips

News Source: The News Tribune | about 1 month ago

Yahoo Inc. may be pulling out of a three-year slump that cast aside two CEOs and spurred a cost-cutting spree that led to about 2,000 layoffs. The purge helped Yahoo more than triple its third-quarter profit from last year to top analysts’...
Yahoo celebrates rising profits and stability

News Source: The Guardian | about 1 month ago

Yahoo celebrates as profits rise and stability returns after cuts After three years of faltering financials, the internet company Yahoo declared that its businesses have 'stabilised' as deep cost cuts and a strategic overhaul yielded a 244% surge in...
Yahoo's results suggest its slump may be ending

News Source: Houston Chronicle | about 1 month ago

Yahoo may finally be pulling out of a three-year slump that spurred a cost-cutting campaign that led to about 2,000 layoffs. The purge helped Yahoo more than triple its third-quarter profit from last year to top analysts' relatively low expectations...