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Yahoo Profits Rise But Sales Dip As Rivals Dent Market   
 
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20-Jul-2011  
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Yahoo has reported a dip in its revenue for the second quarter due to weaker-than-expected advertising sales.

The company said it generated $1.08bn (670m) in revenue in the three months to June, a 4.6% decline compared to the same period last year.

The data comes as Yahoo has been facing increasing competition from rivals Google and Facebook.

However, despite a drop in revenue, Yahoo said its profits rose by 11% from a year ago to $237m.

Carol Bartz, the chief executive of Yahoo said the second quarter was a "mix of good, encouraging and, at the same time, unsatisfactory" developments.
 
 
Source: BBC
 
 

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