Yahoo Enjoys Better Than Expected 3rd Quarter

October 21st, 2009 at 12:00 am

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After years of suffering from declining revenue, there is finally something that beleaguered Internet company Yahoo can be happy about. After its unfortunate three year slump, Yahoo is finally showing signs of recovering and changing its direction for the better. The company enjoyed a better than expected 3rd quarter that even exceeded analyst expectations.

Yahoo enjoyed almost a tripling of its profit margin in the third quarter as compared to last year. Their net income was reported at $186 million for the 3rd quarter, a 244 percent increase from the same quarter of last year. The decision to change CEO’s may actually have been good for Yahoo since it has enabled the turn around to happen.

The increase in net income was not solely because of Yahoo being able to bring in the money. Some of it may be due to the cost cutting measures and a change of focus that the new leadership has instituted. But in the case of revenue, Yahoo may still be going through tough times since its current count is still 12 percent below from what last year was able to bring. In the case of Yahoo, they can take as much of the good news as they can and they are treating the current 3rd quarter profit jump as a hopeful sign.