Yahoo has reported a third-quarter profit as well as a sharp increase in sales, reflecting a modest rebound in its core advertising business and growth in some new services.
The Internet services company, which has built up a stable of fee-based services to offset the sluggish advertising business, said it earned a profit of five cents per share in the third quarter, compared with a loss of four cents per share in the year-ago quarter.
The profit was higher than the estimates of most analysts who had forecast a profit of four cents per share, according to analysts surveyed by Thomson First Call.
The company said its revenues grew to $248.8 million from $166.1 million a year earlier - an increase of $82.7 million.