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The quarterly sales and disappointing forecasts from Yahoo
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SAN FRANCISCO (Reuters) - Yahoo said Tuesday sales worse than expected
for the third quarter while reporting a forecast for the fourth
below expectations, the Internet portal continues to lose ground to its
rivals, Google in mind.
The number two Internet search in the U.S. behind Google said anticipate
for the last three months of revenue, excluding traffic acquisition costs,
between 1.125 and 1.255 billion dollars, against an average forecast of analysts
1.26 billion, according to Thomson Reuters I / B / E / S.
For the quarter just ended, Yahoo reported net sales of
1.12 billion against $ 1.13 billion expected by the market.
In exchange for after-hours trading, the title Yahoo fell by more than 1%.
The action jumped over 6% since last week and news reports
saying that investment funds, including Silver Lake Partners, were investigating a possible
buyout.
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Net income for the group came out to $ 396.1 million, or $ 0.29 per
action, against 186 million ($ 0.13 per share) a year ago. Yahoo, however, that
the result was boosted up to $ 0.13 per share by the sale of its unit
Internet services "HotJobs.
"The group demonstrated weakness in the U.S., where it declines year after year. It
what worries investors. Because this is where most companies
progress, "said Yun Kim, an analyst at Gleacher & Co.
The contrast is striking between the results from Yahoo and found more than mixed ones,
welcomed by investors, released last week by Google.
Alexei Oreskovic, Benoit Van Overstraeten for the French service
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