Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company’s online display advertising business continued to struggle. Shares of Yahoo rose 1.1 percent to $40.61 in extended trading on Tuesday. “This is a continuation of what we’ve seen for most of the last two years,” said Pivotal Research Group analyst Brian Wieser, citing the ongoing weakness in the display advertising business. Yahoo’s revenue, excluding fees shared with partner websites, was $1.094 billion in the three months ended Sept.
Published in TZ Latest News 21 October, 2014 by The TZ Newswire Staff
Yahoo ekes out third quarter revenue gain despite display ad weakness
Published in TZ Latest News 21 October, 2014 by The TZ Newswire Staff
Yahoo ekes out third quarter revenue gain despite display ad weakness
Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company’s online display advertising business continued to struggle. Shares of Yahoo rose 1.1 percent to $40.61 in extended trading on Tuesday. “This is a continuation of what we’ve seen for most of the last two years,” said Pivotal Research Group analyst Brian Wieser, citing the ongoing weakness in the display advertising business. Yahoo’s revenue, excluding fees shared with partner websites, was $1.094 billion in the three months ended Sept.