Yahoo posts a growth of 244%
Yahoo has posted a growth of 244 per cent in its net income at $186 million for the third quarter ended September 30, 2009, compared to $54 million posted for the corresponding quarter of the previous year.
Revenues decreased by 12 per cent to $1.57 billion in the third quarter of 2009, compared to $1.78 billion recorded for the September 2008 ended quarter.
According to reports, Yahoo has claimed that the third quarter earnings include the gain from sale of its direct investment in Alibaba.com of $98 million recorded during the September 2009 ended quarter.
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