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Yahoo 1Q Profit Jumps To Top Analyst Outlook

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Apr 22, 2008 5:06 pm US/Eastern

Yahoo 1Q Profit Jumps To Top Analyst Outlook

Yahoo: Latest Quote & News

SUNNYVALE, Calif.

Click to enlarge 1 of 1: Yahoo headquarters in Sunnyvale.
AP

Yahoo's first-quarter earnings beat analyst estimates when they more than tripled because of rising marketing services revenue.

The earnings from the Sunnyvale-based search engine operator are being closely watched because the company is trying to fend off a takeover attempt from Microsoft.

Yahoo reported income of $542.2 million dollars, or 37 cents per share, compared with $142.4 million, or 10 cents per share, in the year-ago quarter. On an adjusted basis, Yahoo earned 11 cents per share.

Analysts polled by Thomson Financial were expecting adjusted earnings of 9 cents per share.

Marketing services revenue rose 7 percent.