Yahoo on Wednesday reported third quarter operating income of US$40.4 million -- or 14 cents per share -- a figure that exceeded analysts projections. That's up $6.9 million over the same period last year.
The consensus among analysts had been for a third quarter profit, before charges, of nine cents per share. With all the unusual charges, which include merger costs and amortization of intangible assets, Yahoo reported a net profit of $14.9 million or five cents per diluted share, compared with a profit of $4.3 million or one cent per share for the same period in 1998.
Yahoo said its third quarter revenues more than doubled, to $155.1 million, from $66.3 million. Meanwhile, the company said traffic to its various Web sites reached an average of 385 million page views per day at the end of September, up from 310 million at the end of June.
All financial results, reported after the close of market Wednesday, have been restated to reflect Yahoo's acquisition of Broadcast.com, which was completed in July.
Copyright 1999 Reuters Limited.
