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Q2 earnings for Yahoo rise
2011-07-20
Yahoo plodded thru another displeasing performance in Q2. The results, released Tues, may increase stress on Yahoo Chairperson Carol Bartz, who has spent the past two half years attempting to turn round the Web company. Yahoo Incorporated . Earned $237 million, or eighteen cents per share, during the quarter ending in June. That is an eleven p.c increase from $213 million, or fifteen cents per share, at the exact same time last year. But Yahoo's income sank at a point in time when advertisers are pouring additional cash into the Web. Net income totaled $1.08 bln, down five p.c from last year. The drop looks far worse compared to Web search leader Google Incorporated , whose net income increased by at least thirty p.c in quarter 2.
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