Milton Financials: Yahoo delivers moderate 3rd quarter results and predicts a slower 4th quarter.

Oct. 19, 2010 - PRLog -- Milton Financials has leaned that the U.S.’s second largest search engine after Google has forecast fourth-quarter revenue, excluding traffic acquisition costs of between $1.125 billion and $1.1225 billion, well below the $1.26 billion that industry analysts were expecting.

Yahoo’s net income for the three months ended 30 September was $396.1 million or 29 cents per share, compared to $186 million or 13 cents for the same period last year, although the 2010 earnings also included a 13 cent benefit from the sale of the firm’s “HotJobs” Web service. Analysts were expecting 15 cents per share.

Milton Financials was informed that the Sunnyvale, California’s net revenue, which it shares with website partners came in at $1.12 billion in the third quarter, lower than the $1.13 billion for the same period last year and also below the $1.13 billion that analysts were expecting.

Yahoo Inc.’s CEO Carol Bartz, who initiated turnaround efforts in January 2009, has failed to gain market share from Google and is now also facing increased competition from social-networking sites such as FaceBook Inc.

Yahoo’s share price remained relatively stable after the results were posted after having jumped over 6 percent recently on reports that a number of private equity companies including Silver Lake Partners, were examining the possibility of a buyout of the firm, as previously reported by Milton Financials.

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