*Yahoo Earnings Float Nasdaq

Share this article:
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.
Share this article:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Is the Next Mobile Already at Hand?

Is the Next Mobile Already at Hand?

Researchers quibble about just how big the Internet of Things is going to be, but a new report says it's going to be huge and that marketers need to pay ...

Sony Brings Data to Outdoor Advertising

Sony Brings Data to Outdoor Advertising

Norwegian moviegoers got front-row seats when Sony took dynamic digital ads off the Web and into theaters.

Ramp Introduces Video Platform for Marketers

Ramp Introduces Video Platform for Marketers

The cloud-based platform syncs with marketing automation and capitalizes on user behavior to extend view times.