The group Yahoo! just send its latest financial results, those for the third quarter of the year, announcing a net profit more than tripled.
During the period, which runs from July 1 to September 30, Yahoo! generated a turnover of 1.575 billion, down 11.5% compared to last year when it reached 1.78 billion. Financial analysts had expected about $ 1.12 billion, while California-based company expected between 1.45 and 1.55 billion.
But alongside the decline to two digits, the group has clearly improved its profitability, with net income almost three and a half times higher than the previous year, since from 54.3 million to $ 187.8 million . The reorganization plan, mentioned several times in our columns, has clearly paid off.
Given these good results, the specialist online services (search, email, instant messaging, etc..) Does not hide his optimism and now expects sales of between 1.6 and 1.7 billion dollars quarter for the current, while the market remains cautious and expects 1.22 billion.
Snowball effect, with a title of 3.31% rising trade in after-hours trading.