*Yahoo Earnings Float Nasdaq

Share this content:
Yahoo's stock jumped 19 7/16 after reporting much higher than expected second-quarter earnings. Yahoo's pro forma net income, excluding certain unusual items, totaled $74 million, or 12 cents per diluted share, in the second quarter. This compares with $27.1 million, or 5 cents per diluted share, in the year-ago period.


Yahoo's second-quarter sales also grew to $270.1 million from $128.6 million in the same year-ago period, while page views increased to an average of 680 million per day in June.


Yahoo's earnings set off a rally on the technology-driven Nasdaq, which jumped 143.16 points, or 3.62 percent, according to reports. Big winners were America Online, up 3 1/2 to 57 9/16, and Internet venture capital firm CMGI Inc., up 6 15/16 to 43 7/16.
close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above