Yahoo Sees Revenue, Profit Growth

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Yahoo said yesterday it continued to benefit from the online advertising industry's rebound in the third quarter.

The Sunnyvale, CA, company reported sales, excluding money paid to search partners, totaling $655 million in the quarter, an 84 percent increase from a year earlier. The company recorded net income of $124 million, nearly double its results from the year-ago period.

Including the $129 million Yahoo gained from selling shares of Google, the company's net income for the quarter was $253 million.

The strength of the online ad market again led the way for Yahoo. Its marketing services revenue for the quarter was $765 million, up from $245 million in 2003. The increase results mainly from Yahoo's acquisition of Overture Services, its paid listings arm.

Yahoo expects a robust fourth quarter, projecting sales of $710 million to $760 million. It anticipates operating income prior to amortization and depreciation of $285 million to $315 million.

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